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SB 533, 69th Regular Session
Relating to certain technical corrections and miscellaneous amendments to certain provisions of the Texas Business Corporation Act, as amended, the Texas Miscellaneous Corporation Laws Act, as amended, the Texas Non-Profit, as amended, and the Texas Professional Corporation Act, as amended, including those pertaining to indemnification of directors, officers, and others by business and nonprofit corporations, the officers of corporations, the execution of documents, authorized shares, determination of net assets and surplus, directors and boards of directors, mergers, foreign corporations, dissolution of corporations, meetings; providing a penalty; amending the Texas Business Corporation Act, as amended (Volume 3A, Article 1.01 et seq., Vernon's Texas Civil Statutes), by amending Subdivision (4) of Section A and Sections B, G, H, J, M, P, Q, and R, Article 2.02-1; Section B, Article 2.10; Section A, Article 2.12; Article 2.13; Sections B and E, Article 2.17; Section A, Article 2.19; Subsection (2), Section E, Article 2.22; Section A, Article 2.36; Section A, Article 2.42; Section B, Article 4.03; Section A, Article 4.04; Section D, Article 4.07; Section B, Article 4.10; Section B, Article 4.11; Section B, Article 4.12; Section A, Article 5.04; Section B, Article 5.16; Section A, Article 6.06; Section A, Article8.01; Section A, Article 8.02; Section B, Article 8.05; Section B, Article 8.09; and Section B, Article 8.14; and by adding Section D, Article 2.34; Article 2.35-1; and Article 10.02; amending the Texas Miscellaneous Corporation Laws Act, as amended (Article 1302-1.01 et seq., Vernon's Texas Civil Statutes), by amending Section A, Article 1302-2.08; and Article 1302-7.01; and repealing Articles 1302-6.25 and 1302-6.26; and amending the Texas Non-Profit Corporation Act, as amended (Article 1396-2.22A and 1396-9.11 and repealing Article 1396-2.22; and amending Section 14 of the Texas Professional Corporation Act, as amended (Article 1528e, Vernon's Texas Civil Statutes).

Last action: Effective immediately

Author: Bob McFarland
Sponsor: Gordon "Doc" Arnold

Session Law Chapter:
Acts 1985, 69th R.S.,ch. 128, General and Special Laws of Texas

Bill Analyses:
Committee Report (House Study Group)

Subjects:
Business & Commerce--General
Corporations & Associations
Statutory Revision

House Committee: Business & Commerce ()
Minutes: March 25 1985 | April 3 1985 | April 9 1985
Senate Committee: Economic Development (O.H. Harris, Bob Glasgow, Roy Blake, Don Henderson, Ed Howard, Grant Jones, John Leedom, John Montford, Hugh Parmer, Bill Sims, John Traeger)
Minutes: March 11 1985

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