Texas Business Organizations Code 21.608 – Effect On Other Actions
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(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.
Terms Used In Texas Business Organizations Code 21.608
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means an entity governed as a corporation under Title 2 or 7. See Texas Business Organizations Code 1.002
- Law: means , unless the context requires otherwise, both statutory and common law. See Texas Business Organizations Code 1.002
(c) The board of directors of an issuing public corporation does not incur liability for an election made or not made under this subchapter.