Texas Business Organizations Code 21.702 – Applicability of Subchapter
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(a) This subchapter applies only to a close corporation.
(b) This chapter applies to a close corporation to the extent not inconsistent with this subchapter.
Terms Used In Texas Business Organizations Code 21.702
- Close corporation: means a for-profit corporation that elects to be governed as a close corporation in accordance with Subchapter Texas Business Organizations Code 1.002