Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter O. Close Corporation

Section 21.701. Definitions - Sec. 21.701. DEFINITIONS. In this subchapter and Subchapter P: (1)...

Section 21.702. Applicability of Subchapter - Sec. 21.702. APPLICABILITY OF SUBCHAPTER. (a) This subchapter applies only...

Section 21.703. Formation of Close Corporation - Sec. 21.703. FORMATION OF CLOSE CORPORATION. A close corporation shall...

Section 21.704. Bylaws of Close Corporation - Sec. 21.704. BYLAWS OF CLOSE CORPORATION. (a) A close corporation...

Section 21.705. Adoption of Amendment for Close Corporation Status - Sec. 21.705. ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS. (a)...

Section 21.706. Adoption of Close Corporation Status Through Merger, Exchange, or Conversion - Sec. 21.706. ADOPTION OF CLOSE CORPORATION STATUS THROUGH MERGER, EXCHANGE,...

Section 21.707. Existing Close Corporation - Sec. 21.707. EXISTING CLOSE CORPORATION. (a) This section applies to...

Section 21.708. Termination of Close Corporation Status - Sec. 21.708. TERMINATION OF CLOSE CORPORATION STATUS. A close corporation...

Section 21.709. Statement Terminating Close Corporation Status; Filing; Notice - Sec. 21.709. STATEMENT TERMINATING CLOSE CORPORATION STATUS; FILING; NOTICE. (a)...

Section 21.710. Effect of Termination of Close Corporation Status - Sec. 21.710. EFFECT OF TERMINATION OF CLOSE CORPORATION STATUS. (a)...

Section 21.711. Shareholders' Meeting to Elect Directors - Sec. 21.711. SHAREHOLDERS' MEETING TO ELECT DIRECTORS. A shareholders' meeting...

Section 21.712. Term of Office of Directors - Sec. 21.712. TERM OF OFFICE OF DIRECTORS. A director succeeding...

Section 21.713. Management - Sec. 21.713. MANAGEMENT. A close corporation shall be managed: (1)...

Section 21.714. Shareholders' Agreement - Sec. 21.714. SHAREHOLDERS' AGREEMENT. (a) The shareholders of a close...

Section 21.715. Execution of Shareholders' Agreement - Sec. 21.715. EXECUTION OF SHAREHOLDERS' AGREEMENT. A shareholders' agreement shall...

Section 21.716. Adoption of Amendment of Shareholders' Agreement - Sec. 21.716. ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT. Unless otherwise...

Section 21.717. Delivery of Shareholders' Agreement - Sec. 21.717. DELIVERY OF SHAREHOLDERS' AGREEMENT. (a) The close corporation...

Section 21.718. Statement of Operation as Close Corporation - Sec. 21.718. STATEMENT OF OPERATION AS CLOSE CORPORATION. (a) On...

Section 21.719. Validity and Enforceability of Shareholders' Agreement - Sec. 21.719. VALIDITY AND ENFORCEABILITY OF SHAREHOLDERS' AGREEMENT. (a) A...

Section 21.720. Persons Bound by Shareholders' Agreement - Sec. 21.720. PERSONS BOUND BY SHAREHOLDERS' AGREEMENT. (a) A shareholders'...

Section 21.721. Delivery of Copy of Shareholders' Agreement to Transferee - Sec. 21.721. DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE....

Section 21.722. Effect of Required Statement on Share Certificate and Delivery of Shareholders' Agreement - Sec. 21.722. EFFECT OF REQUIRED STATEMENT ON SHARE CERTIFICATE AND...

Section 21.723. Party Not Bound by Shareholders' Agreement on Cessation; Liability - Sec. 21.723. PARTY NOT BOUND BY SHAREHOLDERS' AGREEMENT ON CESSATION;...

Section 21.724. Termination of Shareholders' Agreement - Sec. 21.724. TERMINATION OF SHAREHOLDERS' AGREEMENT. (a) Except as provided...

Section 21.725. Consequences of Management by Persons Other Than Board of Directors - Sec. 21.725. CONSEQUENCES OF MANAGEMENT BY PERSONS OTHER THAN BOARD...

Section 21.726. Shareholders Considered Directors - Sec. 21.726. SHAREHOLDERS CONSIDERED DIRECTORS. (a) When required by the...

Section 21.727. Liability of Shareholders - Sec. 21.727. LIABILITY OF SHAREHOLDERS. The shareholders of a close...

Section 21.728. Mode and Effect of Taking Action by Shareholders and Others - Sec. 21.728. MODE AND EFFECT OF TAKING ACTION BY SHAREHOLDERS...

Section 21.729. Limitation of Shareholder's Liability - Sec. 21.729. LIMITATION OF SHAREHOLDER'S LIABILITY. (a) A shareholder of...

Section 21.730. Lack of Formalities; Treatment as Partnership - Sec. 21.730. LACK OF FORMALITIES; TREATMENT AS PARTNERSHIP. The failure...

Section 21.731. Other Agreements Among Shareholders Permitted - Sec. 21.731. OTHER AGREEMENTS AMONG SHAREHOLDERS PERMITTED. Sections 21.713-21.730 do...

Section 21.732. Close Corporation Share Certificates - Sec. 21.732. CLOSE CORPORATION SHARE CERTIFICATES. (a) In addition to...