Montana Articles 5.11, 5.12, and 5.13 are sections within the Texas Business Corporation Act pertaining to various aspects of corporations in the state of Texas. These articles outline specific requirements and procedures that corporations must follow to ensure compliance with the law. Let's take a closer look at each article: 1. Montana Article 5.11: This section of the Texas Business Corporation Act focuses on the "Registered Agent and Registered Office" requirements for corporations. It specifies that every corporation must have a registered agent and a registered office within the state of Texas. The registered agent serves as the point of contact between the corporation and the state government, responsible for receiving legal documents and official communication on behalf of the corporation. Keywords: Montana Article 5.11, Texas Business Corporation Act, registered agent, registered office, corporation, compliance, legal documents. 2. Montana Article 5.12: This article addresses the topic of "Change of Registered Office or Agent" within the Texas Business Corporation Act. It outlines the procedures that corporations must follow in the event of a change in their registered office or registered agent. The corporation has to file the necessary paperwork, including the appropriate forms and fees, with the Secretary of State to notify the state government of such changes. Keywords: Montana Article 5.12, Texas Business Corporation Act, change of registered office, change of registered agent, corporation, paperwork, Secretary of State. 3. Montana Article 5.13: The third article related to Montana within the Texas Business Corporation Act concerns "Registered Agent Resignation and Appointment of Successor." It outlines the procedures for a registered agent to resign from their position and the appointment of a successor registered agent. It specifies the requirements for filing the resignation and successor appointment documentation with the Secretary of State to ensure a smooth transition. Keywords: Montana Article 5.13, Texas Business Corporation Act, registered agent resignation, appointment of successor, corporation, Secretary of State, documentation. It's important to note that the articles mentioned above are specific to Texas, not Montana, despite the use of the term "Montana" in their title. These articles within the Texas Business Corporation Act are crucial for corporations operating in Texas as they provide guidelines and regulations to ensure compliance with state laws related to registered agents and offices.
Montana Articles 5.11, 5.12 and 5.13 of Texas Business Corporation Act
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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 TBOC is the codification of statutes governing most for-profit and non-profit entities in Texas that: Was enacted by the legislature in 2003 and extensively amended in 2005, Became effective on January 1, 2006, and. Completely replaced the prior law it amended and codified on January 1, 2010.
Action by Directors. (a) The act of a majority of the directors present at a meeting at which a quorum is present at the time of the act is the act of the board of directors of a corporation, unless the act of a greater number is required by the certificate of formation or bylaws of the corporation or by this code.
The Uniform Commercial Code allows a creditor, typically a financial institution or lender, to notify other creditors about a debtor's assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.
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?.