Texas § 21.701 DEFINITIONS.

Texas Statutes

§ 21.701 — DEFINITIONS.

Texas § 21.701

Code BOBusiness Organizations Code

This text of Texas § 21.701 (DEFINITIONS.) 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. § 21.701 (2026).

Text

Sec. 21.701. DEFINITIONS. In this subchapter and Subchapter P:

(1)"Close corporation" means a domestic corporation formed under this subchapter or governed by this subchapter because of Section 21.705 , 21.706 , or 21.707 .

(2)"Close corporation provision" means a provision in the certificate of formation of a close corporation or in a shareholders' agreement of a close corporation.

(3)"Ordinary corporation" means a domestic corporation that is not a close corporation.

(4)"Shareholders' agreement" means a written agreement regulating an aspect of the business and affairs of or the relationship among the shareholders of a close corporation that has been executed under this subchapter.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 21.701. DEFINITIONS. In this subchapter and Subchapter P:
(1) "Close corporation" means a domestic corporation formed under this subchapter or governed by this subchapter because of Section 21.705 , 21.706 , or 21.707 .
(2) "Close corporation provision" means a provision in the certificate of formation of a close corporation or in a shareholders' agreement of a close corporation.
(3) "Ordinary corporation" means a domestic corporation that is not a close corporation.
(4) "Shareholders' agreement" means a written agreement regulating an aspect of the business and affairs of or the relationship among the shareholders of a close corporation that has been executed under this subchapter.

Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748 ), Sec. 32, eff. September 1, 2011. Acts 2019, 86th Leg., R.S., Ch. 665 (S.B. 1971 ), Sec. 9, eff. September 1, 2019.