Tex. Business Organizations Code § 21.951
This is the official text of Tex. Business Organizations Code § 21.951, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.951. LAW APPLICABLE TO PUBLIC BENEFIT CORPORATIONS; FORMATION.
Official statutory text
(a) A for-profit corporation may elect under Section 3.007(e) to be a public benefit corporation that is governed by this subchapter.
(b) If a corporation elects to be a public benefit corporation, the corporation is subject to the other provisions of this chapter and other provisions of this code applicable to for-profit corporations.
(c) To the extent of a conflict between this subchapter and another provision of this chapter or another provision of this code applicable to for-profit corporations, this subchapter controls.
(b) If a corporation elects to be a public benefit corporation, the corporation is subject to the other provisions of this chapter and other provisions of this code applicable to for-profit corporations.
(c) To the extent of a conflict between this subchapter and another provision of this chapter or another provision of this code applicable to for-profit corporations, this subchapter controls.
Status: in_force · Read it on the official government site
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