Tex. Business Organizations Code § 3.255
This is the official text of Tex. Business Organizations Code § 3.255, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 3.255. EFFECT OF EMERGENCY ACTION.
Official statutory text
An emergency action taken by the governing persons of a domestic entity in accordance with the entity's governing documents or Section 3.2535, if taken in good faith and based on the reasonable belief that the emergency action was in the entity's best interest:
(1) is binding on the entity; and
(2) may not be used to impose liability on a managerial official, employee, or agent of the entity.
(1) is binding on the entity; and
(2) may not be used to impose liability on a managerial official, employee, or agent of the entity.
Status: in_force · Read it on the official government site
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