Sec. 21.225. EXCEPTIONS TO LIMITATIONS. Section 21.223 or 21.224 does not limit the obligation of a holder, beneficial owner, subscriber, or affiliate to the obligee of the corporation if that person:
(1) expressly assumes, guarantees, or agrees to be personally liable to the obligee for the obligation; or
(2) is otherwise liable to the obligee for the obligation under this code or other applicable statute.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter E. Shareholder Rights and Restrictions
Section 21.201. Registered Holders as Owners; Shares Held by Nominees
Section 21.202. Definition of Shares
Section 21.203. No Statutory Preemptive Right Unless Provided by Certificate of Formation
Section 21.204. Statutory Preemptive Rights
Section 21.205. Waiver of Preemptive Right
Section 21.206. Limitation on Action to Enforce Preemptive Right
Section 21.207. Disposition of Shares Having Preemptive Rights
Section 21.208. Preemptive Right in Existing Corporation
Section 21.209. Transfer of Shares and Other Securities
Section 21.210. Restriction on Transfer of Shares and Other Securities
Section 21.211. Valid Restrictions on Transfer
Section 21.212. Bylaw or Agreement Restricting Transfer of Shares or Other Securities
Section 21.213. Enforceability of Restriction on Transfer of Certain Securities
Section 21.214. Joint Ownership of Shares
Section 21.215. Liability for Designating Owner of Shares
Section 21.216. Liability Regarding Joint Ownership of Shares
Section 21.217. Liability of Assignee or Transferee
Section 21.218. Examination of Records
Section 21.219. Annual and Interim Statements of Corporation
Section 21.220. Penalty for Failure to Prepare Voting List
Section 21.221. Penalty for Failure to Provide Notice of Meeting
Section 21.222. Penalty for Refusal to Permit Examination of Certain Records
Section 21.223. Limitation of Liability for Obligations
Section 21.224. Preemption of Liability