Texas § 21.165 SUBSCRIPTIONS.

Texas Statutes

§ 21.165 — SUBSCRIPTIONS.

Texas § 21.165

Code BOBusiness Organizations Code

This text of Texas § 21.165 (SUBSCRIPTIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 21.165 (2026).

Text

Sec. 21.165. SUBSCRIPTIONS.

(a)A corporation may accept a subscription by notifying the subscriber in writing.

(b)A subscription to purchase shares in a corporation in the process of being formed is irrevocable for six months if the subscription is in writing and signed by the subscriber, unless the subscription provides for a longer or shorter period or all of the other subscribers agree to the revocation of the subscription.

(c)A written subscription entered into after the corporation is formed is a contract between the subscriber and the corporation.

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Sec. 21.165. SUBSCRIPTIONS. (a) A corporation may accept a subscription by notifying the subscriber in writing.
(b) A subscription to purchase shares in a corporation in the process of being formed is irrevocable for six months if the subscription is in writing and signed by the subscriber, unless the subscription provides for a longer or shorter period or all of the other subscribers agree to the revocation of the subscription.
(c) A written subscription entered into after the corporation is formed is a contract between the subscriber and the corporation.