Tex. Bus. Org. Code § 21.725
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Sections 21.726-21.729 apply only to a close corporation the business and affairs of which are managed wholly or partly by the shareholders of the close corporation or any other person as provided by a shareholders' agreement rather than solely by a board of directors.
Tex. Bus. Org. Code § 21.725