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HB 1623, 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 Corporation Act, as amended, and the Texas Professional Corporation Act, as amended, including those pertaining to indemnification of directors and officers by business corporations, the officers of a corporation, the execution and verification of documents filed with the Secretary of State, authorized shares, capital surplus, determination of net assets and surplus, the election of directors to fill vacancies, validity of interested director transactions, the size of committees of boards of directors, mergers of subsidiaries into parent corporations, the internal affairs of foreign corporations, management powers following dissolution of a corporation, indemnification of directors and officers by non-profit corporations, telephonic meetings of directors and members of non-profit corporations, and powers to wind up and dissolve professional corporations; amending the Texas Business Corporation Act, as amended, by amending Sections A, 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, Article 8.01; Section A, Article 8.02; Section B, Article 8.05; Section B, Article 8.09; and Section B, Article 8.14; and 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, Vernon's Texas Civil Statutes) by amending Section B, Article 1302--2.07; Section A, Article 1302--2.08; and Article 1302--7.01; and deleting Articles 1302--6.25 and 1302--6.26; and amending the Texas Non-Profit Corporation Act, as amended (Article 1396, Vernon's Texas Civil Statutes) by adding Article 1396--2.22A and 1396--9.11 and deleting 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: Referred to subcommittee

Author: Gordon "Doc" Arnold

Subjects:
Charitable & Nonprofit Organizations
Corporations & Associations

House Committee: Business & Commerce () Minutes: March 25 1985 | April 3 1985

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