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Bylaws define how the association is run and managed. It often contains the core rules related to meetings, voting, elections, Board of Directors, officers and committees, recordkeeping, and amending the bylaws themselves. Records and Access - Property Owners' Associations texas.gov ? bylaws-and-records texas.gov ? bylaws-and-records
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?.
Bylaws cover a range of topics, including finances, voting, appointing officers and directors, and much more. While you won't need to file your corporate bylaws with the Secretary of State?unlike the Texas Certificate of Formation?every Texas corporation is required to have bylaws.
Can I file my entity's bylaws, company agreement or other internal governing documents with the secretary of state? No. A business entity keeps its internal governing documents at its principal office. Formation of Texas Entities FAQs - the Texas Secretary of State sos.state.tx.us ? corp ? formationfaqs sos.state.tx.us ? corp ? formationfaqs
In Texas, you create a corporation by filing a "certificate of formation" with the Secretary of State's office and paying a filing fee. You'll also need corporate bylaws and resolutions signed by the board of directors, though these documents don't need to be filed with the Secretary of State. Online Texas Corporation FAQ | Nolo Nolo ? technical-support-main ? onli... Nolo ? technical-support-main ? onli...