89th Legislature, Regular Session
HB 872
Relating to the burden of proof in certain derivative proceedings.
Introduced
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- Passed House
- Passed Senate
- To Governor
- Became Law
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89R1267 SRA-D By: Harrison H.B. No. 872 A BILL TO BE ENTITLED AN ACT relating to the burden of proof in certain derivative proceedings. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter L, Chapter 21, Business Organizations Code, is amended by adding Section 21.5525 to read as follows: Sec. 21.5525. BURDEN OF PROOF IN CERTAIN DERIVATIVE PROCEEDINGS. Notwithstanding any other law, in a derivative proceeding by a shareholder that alleges an act or omission related to the improper consideration of environmental, social, and governance criteria in the performance of the act or omission, the