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Texas Business Organizations Code - BUS ORG § 3.152. Governing Person's Right of Inspection

Current as of April 14, 2021 | Updated by FindLaw Staff

(a) A governing person of a filing entity may examine the entity's books and records maintained under Section 3.151 and other books and records of the entity for a purpose reasonably related to the governing person's service as a governing person.

(b) A court may require a filing entity to open the books and records of the filing entity, including the books and records maintained under Section 3.151, to permit a governing person to inspect, make copies of, or take extracts from the books and records on a showing by the governing person that:

(1) the person is a governing person of the entity;

(2) the person demanded to inspect the entity's books and records;

(3) the person's purpose for inspecting the entity's books and records is reasonably related to the person's service as a governing person;  and

(4) the entity refused the person's good faith demand to inspect the books and records.

(c) A court may award a governing person attorney's fees and any other proper relief in a suit to require a filing entity to open its books and records under Subsection (b).

(d) This section does not apply to limited partnerships.  Section 153.552 applies to limited partnerships.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 3.152. Governing Person's Right of Inspection - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-3-152/

Read this complete Texas Business Organizations Code - BUS ORG § 3.152. Governing Person's Right of Inspection on Westlaw

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