Section 21.165 - Subscriptions(a) A corporation may accept a subscription by notifying the subscriber in writing.(b) A subscription to purchase shares in a corporation in the process of being formed is irrevocable for six months if the subscription is in writing and signed by the subscriber, unless the subscription provides for a longer or shorter period or all of the other subscribers agree to the revocation of the subscription.(c) A written subscription entered into after the corporation is formed is a contract between the subscriber and the corporation.Tex. Bus. Org. Code § 21.165
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.