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Texas Business Organizations Code - BUS ORG § 21.704. Bylaws of Close Corporation

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A close corporation does not need to adopt bylaws if provisions required by law to be contained in the bylaws are contained in the certificate of formation or a shareholders' agreement.

(b) A close corporation that does not have bylaws when it terminates its status as a close corporation under Section 21.708 shall immediately adopt bylaws that comply with Section 21.057.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 21.704. Bylaws of Close Corporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-21-704/

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