Tex. Business Organizations Code § 3.152
This is the official text of Tex. Business Organizations Code § 3.152, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 3.152. GOVERNING PERSON'S RIGHT OF INSPECTION.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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