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Texas Business Organizations Code - BUS ORG § 3.251. Definitions

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

In this subchapter:

(1) “Emergency” means any of the following:

(A) an attack on the United States, a state, or a political subdivision of a state;

(B) a nuclear or atomic disaster;

(C) the occurrence of a catastrophic event, including:

(i) an epidemic or pandemic;

(ii) a hurricane, tropical storm, tornado, or other weather condition; or

(iii) a riot or civil disturbance;

(D) the declaration of a national emergency by the United States government;

(E) the declaration of an emergency by a state or a political subdivision of a state; or

(F) any other similar emergency situation.

(2) “Emergency action” means an action taken by majority vote of the governing persons present at a meeting of the governing authority of a domestic entity during an emergency period.

(3) “Emergency period” means any period during which the governing authority of a domestic entity, due to a condition that is a part of or results from an emergency, is unable to satisfy one or more requirements of the entity's governing documents or this code necessary for action by vote at a meeting of the governing authority outside of an emergency period.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 3.251. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-3-251/

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