Tex. Bus. Org. Code § 21.912
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In the absence of actual fraud in the transaction, the judgment of the board of directors of a corporation that shares of the corporation are valid shares or putative shares is conclusive, unless otherwise determined by the district court in a proceeding brought under Section 21.914.
Tex. Bus. Org. Code § 21.912