Tex. Bus. Org. Code § 21.902

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

Section 21.902 - Ratification of Defective Corporate Act and Putative Shares

Subject to Section 21.909 or 21.910, a defective corporate act or putative shares are not void or voidable solely as a result of a failure of authorization if the act or shares are:

(1) ratified in accordance with this subchapter; or

(2) validated by the district court in a proceeding brought under Section 21.914.

Tex. Bus. Org. Code § 21.902

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 32,Sec. 30, eff. 9/1/2015.