Arkansas Articles 5.11, 5.12 and 5.13 of Texas Business Corporation Act
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How to fill out Articles 5.11, 5.12 And 5.13 Of Texas Business Corporation Act?
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FAQ
The 1987 Act establishes simple and flexible corporate character- istics and requires the affirmative election of restrictive characteris- tics. The 1965 Act is considerably more prescriptive as to corporate characteristics.
The BOC was enacted in 2003. It was effective as of January 1, 2006 though it provided a transition period during which some entities were governed by the BOC and others were governed by the statutes under which they were formed.
The MBCA offers an opportunity for states to bring about uniformity in the corporate laws so that it becomes easier for corporations to operate in multiple states. In addition to legal uniformity, it promotes the use of identical terminology in different state laws, making it easier to interpret.
The Texas Limited Liability Company Act (the ?Old Act?) is a combination of certain features of the Texas Business Corporation Act (?TBCA?) and the Texas Revised Limited Partnership Act (?TRLPA?).
Bylaws. (a) The incorporators or board of directors of a corporation shall adopt bylaws for the corporation. (b) The bylaws may contain any provision for regulating and managing the affairs of the corporation that is not inconsistent with law or the articles of incorporation.
Under Article 2.21 of the Texas Business Corporation Act (TBCA), for example, shareholders or affiliates cannot be held liable for a corporation's contractual obligations unless they caused the corporation to be used to perpetrate ?an actual fraud? primarily for the purpose of personal benefit?.
Pennsylvania Business Corporation Law of 1988 defines Corporation or Domestic Corporation as a corporation incorporated for profit under the rules of the Commonwealth of Pennsylvania. One or more corporations for profit or not-for-profit or natural persons of full age may incorporate a business corporation.
The Arkansas Nonprofit Corporation Act of 19931 (hereinafter the "Act") creates a comprehensive corporate code which applies to all Arkansas nonprofit corporations incorporated after 1993.2 Nonprofits chartered before 1994 may elect to become subject to the provisions of the Act by amending their articles of ...