Section 4.053 - Conditions for Delayed Effectiveness(a) The date, or the date and time, at which a filing instrument takes effect is delayed if the instrument clearly and expressly states, in addition to any other required statement or information:(1) the specified date, or the specified date and time, at which the instrument takes effect; or(2) if the instrument takes effect on or after the occurrence of a future event or fact that may occur: (A) the event or fact that will cause the instrument to take effect;(B) when the filing instrument is to take effect if the instrument is to take effect after the occurrence of a specified future event or fact; and(C) the date of the 90th day after the date the instrument is signed.(b) If the effectiveness of a filing instrument is to be delayed as permitted by Section 4.052: (1) the effective date may not be later than the 90th day after the date the instrument is signed; and(2) the specified time at which the instrument is to take effect may not be specified as "12:00 a.m." or "12:00 p.m."Tex. Bus. Org. Code § 4.053
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 658,Sec. 4, eff. 9/1/2019. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.