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SB 110, 57th Regular Session
Relating to amending the Texas Business Corporation Act to provide that a receiver may be appointed for the assets and business of a corporation when it is established in an action by a shareholder that the shareholders are deadlocked in voting power, and have failed for a period which includes at least two consecutive annual meeting dates, to elect successors to directors whose terms have expired or would have expired upon the election of their successors.

Author: Henry Barbosa Gonzalez

Session Law Chapter:
Acts 1961, 57th R.S.,ch. 169, General and Special Laws of Texas

Subjects:
Corporations & Associations

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