Current as of April 14, 2021 | Updated by FindLaw Staff
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The liability of a holder, beneficial owner, or subscriber of shares of a corporation, or any affiliate of such a holder, owner, or subscriber or of the corporation, for an obligation that is limited by Section 21.223 is exclusive and preempts any other liability imposed for that obligation under common law or otherwise.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 21.224. Preemption of Liability - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-21-224/
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