Texas Business Organizations Code 21.317 – Statute of Limitations On Action for Wrongful Distribution
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Terms Used In Texas Business Organizations Code 21.317
- Director: means an individual who serves on the board of directors of a foreign or domestic corporation. See Texas Business Organizations Code 1.002
An action may not be brought against a director of a corporation under § 21.316 after the second anniversary of the date the alleged act giving rise to the liability occurred.