Sec. 21.608. EFFECT ON OTHER ACTIONS. (a) This subchapter does not affect, directly or indirectly, the validity of another action by the board of directors of an issuing public corporation.
(b) This subchapter does not preclude the board of directors of an issuing public corporation from taking other action in accordance with law.
(c) The board of directors of an issuing public corporation does not incur liability for an election made or not made under this subchapter.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter M. Affiliated Business Combinations
Section 21.602. Affiliated Shareholder
Section 21.603. Beneficial Owner of Shares or Other Securities
Section 21.604. Business Combination
Section 21.606. Three-Year Moratorium on Certain Business Combinations
Section 21.607. Application of Moratorium
Section 21.608. Effect on Other Actions