Tex. Bus. Org. Code § 21.713

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 21.713 - Management

A close corporation shall be managed:

(1) by a board of directors in the same manner an ordinary corporation would be managed under this chapter; or

(2) in the manner provided by the close corporation's certificate of formation or by a shareholders' agreement of the close corporation.

Tex. Bus. Org. Code § 21.713

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.