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SB 559, 68th R.S.

Relating to the powers and duties of a corporation, its directors, and committees and the liabilities of a director of a corporation and to the indemnification of and maintenance of liability insurance for certain corporate directors, officers, employees, agents, and certain nominees and designees identified in this Act; defining "net assets" and providing methods of determining assets and surplus for certain purposes.

Last action: Effective on . . . . . . . . . .

Author: Ray Farabee
Sponsor: Terral Smith

Remarks: House Subcommittee Members: B. Gibson- Chairman, Messer, Denton.

Session Law Chapter:
Acts 1983, 68th R.S.,ch. 540, General and Special Laws of Texas

Bill Analyses:
Committee Report (House Study Group)

Subjects:
Corporations & Associations

House Committee: Business & Commerce ()
Minutes: April 19 1983 | April 28 1983 | May 10 1983
Senate Committee: Economic Development ()
Minutes: March 7 1983

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