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In this chapter: (1) "Board of directors" means the group of persons vested with the management of the affairs of the corporation, regardless of the name used to designate the group. (2) "Bylaws" means the rules adopted to regulate or manage the corporation, regardless of the name used to designate the rules.
Approval of Ratified Defective Corporate Act by Members with Voting Rights Required; Exception
The term does not include a domestic entity or non-code organization that is not to be divided or combined into or with one or more domestic entities or non-code organizations, regardless of whether ownership interest of the entity are to be issued under the plan of merger.
BUSINESS ORGANIZATIONS CODE TITLE 1. GENERAL PROVISIONS CHAPTER 1. DEFINITIONS AND OTHER GENERAL PROVISIONS SUBCHAPTER A. DEFINITIONS AND PURPOSE Sec.A1.001.AAPURPOSE. The purpose of this code is to make the law encompassed by this code more accessible and understandable by: (1)AArearranging the statutes into a more logical order;
In 2003, the Texas Legislature enacted the Texas Business Organizations Code (BOC), which codified the provisions of the statutes governing domestic for-profit corporations, nonprofit corporations, professional corporations, professional associations, limited partnerships,
Many, but not all, non-profit organizations choose to incorporate. A nonprofit corporation is created by filing a certificate of formation with the secretary of state in accordance with the Texas Business Organizations Code ("BOC").
Disclaimer: These codes may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site.
