New Jersey 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
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?.
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.
Section 6.201 - Unanimous Written Consent to Action (a) This section applies to any action required or authorized to be taken under this code or the governing documents of a filing entity at an annual or special meeting of the owners or members of the entity or at a regular, special, or other meeting of the governing ...
Chapter Three of the TBOC and Part Three of the Old Act prescribe the technical requirements for the formation of a limited liability company. For limited liability companies formed on or after January 1, 2006, a Certificate of Formation is filed with the Texas Secretary of State.
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.