Tex. Business Organizations Code § 4.053
This is the official text of Tex. Business Organizations Code § 4.053, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 4.053. CONDITIONS FOR DELAYED EFFECTIVENESS.
Official statutory text
(a) The date, or the date and time, at which a filing instrument takes effect is delayed if the instrument clearly and expressly states, in addition to any other required statement or information:
(1) the specified date, or the specified date and time, at which the instrument takes effect; or
(2) if the instrument takes effect on or after the occurrence of a future event or fact that may occur:
(A) the event or fact that will cause the instrument to take effect;
(B) when the filing instrument is to take effect if the instrument is to take effect after the occurrence of a specified future event or fact; and
(C) the date of the 90th day after the date the instrument is signed.
(b) If the effectiveness of a filing instrument is to be delayed as permitted by Section 4.052:
(1) the effective date may not be later than the 90th day after the date the instrument is signed; and
(2) the specified time at which the instrument is to take effect may not be specified as "12:00 a.m." or "12:00 p.m."
(1) the specified date, or the specified date and time, at which the instrument takes effect; or
(2) if the instrument takes effect on or after the occurrence of a future event or fact that may occur:
(A) the event or fact that will cause the instrument to take effect;
(B) when the filing instrument is to take effect if the instrument is to take effect after the occurrence of a specified future event or fact; and
(C) the date of the 90th day after the date the instrument is signed.
(b) If the effectiveness of a filing instrument is to be delayed as permitted by Section 4.052:
(1) the effective date may not be later than the 90th day after the date the instrument is signed; and
(2) the specified time at which the instrument is to take effect may not be specified as "12:00 a.m." or "12:00 p.m."
Status: in_force · Read it on the official government site
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