Tex. Bus. Orgs. Code § 22.505 · Subchapter J. RATIFICATION OF DEFECTIVE CORPORATE ACTS; PROCEEDINGS
APPROVAL OF RATIFIED DEFECTIVE CORPORATE ACT BY MEMBERS WITH VOTING RIGHTS REQUIRED; EXCEPTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the corporation has members with voting rights, each defective corporate act ratified under Section 22.503(a) must be submitted to such members of the corporation for approval as provided by Sections 22.506 and 22.507, unless no other provision of the corporate statute, no provision of the corporation's governing documents, and no provision of any plan or agreement to which the corporation is a party would have required approval by such members of:
(1) the defective corporate act to be ratified at the time of that defective corporate act; or
(2) the type of defective corporate act to be ratified at the time the board of directors adopts the resolutions ratifying that defective corporate act under Section 22.503.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 664 (S.B. 1969), Sec. 1, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.22.htm
- Text hash
- sha256 c9f6c2c2c77c4da639b2a286e498629b0897edd0de4bc50348f03f9d9f05faaf
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business Organizations Code
- Tex. Bus. Orgs. Code § 22.503RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS.Printed as Section 22.503 | Section 22.503(a)
- Tex. Bus. Orgs. Code § 22.506NOTICE REQUIREMENTS FOR RATIFIED DEFECTIVE CORPORATE ACT SUBMITTED FOR APPROVAL OF MEMBERS WITH VOTING RIGHTS.Printed as Sections 22.506 and 22.507
- Tex. Bus. Orgs. Code § 22.507QUORUM AND VOTING FOR APPROVAL OF RATIFIED DEFECTIVE CORPORATE ACT AT MEETING OF MEMBERS WITH VOTING RIGHTS.Printed as Sections 22.506 and 22.507
Cited by 4 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 22.505. Each shows the citation as that text prints it.
Business Organizations Code
- Tex. Bus. Orgs. Code § 22.501DEFINITIONS.Printed as Section 22.505
- Tex. Bus. Orgs. Code § 22.506NOTICE REQUIREMENTS FOR RATIFIED DEFECTIVE CORPORATE ACT SUBMITTED FOR APPROVAL OF MEMBERS WITH VOTING RIGHTS.Printed as Section 22.505
- Tex. Bus. Orgs. Code § 22.507QUORUM AND VOTING FOR APPROVAL OF RATIFIED DEFECTIVE CORPORATE ACT AT MEETING OF MEMBERS WITH VOTING RIGHTS.Printed as Section 22.505
- Tex. Bus. Orgs. Code § 22.510NOTICE TO MEMBERS FOLLOWING RATIFICATION OF DEFECTIVE CORPORATE ACT.Printed as Sections 22.505, 22.506, and 22.507
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.