Texas Statutes
Chapter 23 - Special-Purpose Corporations
Subchapter B. Business Development Corporations

Section 23.051. Definitions - Sec. 23.051. DEFINITIONS. In this subchapter: (1) "Corporation" means a...

Section 23.052. Organizers - Sec. 23.052. ORGANIZERS. Subject to The Securities Act (Title 12,...

Section 23.053. Purposes - Sec. 23.053. PURPOSES. (a) A business development corporation may be...

Section 23.054. Powers - Sec. 23.054. POWERS. (a) The powers of a corporation include,...

Section 23.056. Certificate of Formation - Sec. 23.056. CERTIFICATE OF FORMATION. (a) The certificate of formation...

Section 23.057. Management by Board of Directors; Number of Directors - Sec. 23.057. MANAGEMENT BY BOARD OF DIRECTORS; NUMBER OF DIRECTORS....

Section 23.058. Election or Appointment of Directors - Sec. 23.058. ELECTION OR APPOINTMENT OF DIRECTORS. (a) The organizers...

Section 23.059. Term of Office; Vacancy - Sec. 23.059. TERM OF OFFICE; VACANCY. (a) A director of...

Section 23.060. Officers - Sec. 23.060. OFFICERS. The board of directors of a corporation...

Section 23.061. Participation as Owner - Sec. 23.061. PARTICIPATION AS OWNER. (a) An individual, corporation, or...

Section 23.062. Financial Institution as Member of Corporation - Sec. 23.062. FINANCIAL INSTITUTION AS MEMBER OF CORPORATION. (a) A...

Section 23.063. Withdrawal of Member - Sec. 23.063. WITHDRAWAL OF MEMBER. (a) On written notice to...

Section 23.064. Powers of Shareholders and Members - Sec. 23.064. POWERS OF SHAREHOLDERS AND MEMBERS. The shareholders and...

Section 23.065. Voting by Shareholder or Member - Sec. 23.065. VOTING BY SHAREHOLDER OR MEMBER. (a) Each shareholder...

Section 23.066. Loan to Corporation - Sec. 23.066. LOAN TO CORPORATION. (a) When called on by...

Section 23.067. Prohibited Loan - Sec. 23.067. PROHIBITED LOAN. (a) A member may not make...

Section 23.068. Loan Limits - Sec. 23.068. LOAN LIMITS. (a) A loan limit shall be...

Section 23.069. Surplus - Sec. 23.069. SURPLUS. (a) A corporation shall set apart as...

Section 23.070. Depository - Sec. 23.070. DEPOSITORY. (a) A corporation may deposit the corporation's...

Section 23.071. Annual Report; Provision of Required Information - Sec. 23.071. ANNUAL REPORT; PROVISION OF REQUIRED INFORMATION. (a) A...