Tex. Business Organizations Code § 402.008
This is the official text of Tex. Business Organizations Code § 402.008, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 402.008. MEETINGS OF OWNERS AND MEMBERS; CONSENTS; VOTING OF INTERESTS.
Official statutory text
(a) Except as provided by Subsection (b) and regardless of whether a proxy or consent was executed by an owner or member before the mandatory application date, Chapter 6 and any other applicable provision of this code apply to:
(1) a meeting of owners or members held on or after the mandatory application date;
(2) an action undertaken by owners or members under a written consent that takes effect on or after the mandatory application date;
(3) a vote cast at a meeting described by Subdivision (1); and
(4) consent given for an action described by Subdivision (2).
(b) Prior law applies to a meeting of owners or members and to any vote cast at a meeting described by this section if the meeting was initially called for a date before the mandatory application date and notice of the meeting was given to owners or members entitled to vote at the meeting.
(1) a meeting of owners or members held on or after the mandatory application date;
(2) an action undertaken by owners or members under a written consent that takes effect on or after the mandatory application date;
(3) a vote cast at a meeting described by Subdivision (1); and
(4) consent given for an action described by Subdivision (2).
(b) Prior law applies to a meeting of owners or members and to any vote cast at a meeting described by this section if the meeting was initially called for a date before the mandatory application date and notice of the meeting was given to owners or members entitled to vote at the meeting.
Status: in_force · Read it on the official government site
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