Tex. Bus. Org. Code § 21.557

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

Section 21.557 - Tolling of Statute of Limitations

A written demand filed with the corporation under Section 21.553 tolls the statute of limitations on the claim on which demand is made until the later of:

(1) the 31st day after the expiration of any waiting period under Section 21.553; or

(2) the 31st day after the expiration of any stay granted under Section 21.555, including all continuations of the stay.

Tex. Bus. Org. Code § 21.557

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 899,Sec. 7, eff. 9/1/2019.

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