89th Legislature, Regular Session
SB 1056
Relating to a presumption of good faith for directors and officers of certain domestic corporations.
Introduced
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- Passed Senate
- Passed House
- To Governor
- Became Law
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89R11823 TYPED By: Parker S.B. No. 1056 A BILL TO BE ENTITLED AN ACT relating to a presumption of good faith for directors and officers of certain domestic corporations. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter J, Chapter 21, Business Organizations Code, is amended by adding Section 21.4015 to read as follows: Sec. 21.4015. PRESUMPTION OF GOOD FAITH. (a) This section applies only to a corporation that: (1) is formed under the laws of this state; (2) has a class of equity securities registered under