Texas § 21.705 ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS.

Texas Statutes

§ 21.705 — ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS.

Texas § 21.705

Code BOBusiness Organizations Code

This text of Texas § 21.705 (ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS.) 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. § 21.705 (2026).

Text

Sec. 21.705. ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS.

(a)An ordinary corporation may become a close corporation by amending its certificate of formation in accordance with Chapter 3 to conform with Section 3.008 .

(b)An amendment adopting close corporation status must be approved by the affirmative vote of the holders of all of the outstanding shares of each class established by the close corporation, regardless of whether a class is entitled to vote on the amendment by the certificate of formation of the ordinary corporation.

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Sec. 21.705. ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS. (a) An ordinary corporation may become a close corporation by amending its certificate of formation in accordance with Chapter 3 to conform with Section 3.008 .
(b) An amendment adopting close corporation status must be approved by the affirmative vote of the holders of all of the outstanding shares of each class established by the close corporation, regardless of whether a class is entitled to vote on the amendment by the certificate of formation of the ordinary corporation.