Texas § 21.903 RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS.

Texas Statutes

§ 21.903 — RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS.

Texas § 21.903

Code BOBusiness Organizations Code

This text of Texas § 21.903 (RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS.) 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. § 21.903 (2026).

Text

Sec. 21.903. RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS.

(a)To ratify one or more defective corporate acts, the board of directors of the corporation shall adopt resolutions stating:

(1)the defective corporate act or acts to be ratified;

(2)the date of each defective corporate act;

(3)if the defective corporate act or acts involved the issuance of putative shares, the number and type of putative shares issued and the date or dates on which the putative shares were purportedly issued;

(4)the nature of the failure of authorization with respect to each defective corporate act to be ratified; and

(5)that the board of directors approves the ratification of the defective corporate act or acts.

(b)A resolution may also state that, notwithstanding shareholder approval

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Sec. 21.903. RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS. (a) To ratify one or more defective corporate acts, the board of directors of the corporation shall adopt resolutions stating:
(1) the defective corporate act or acts to be ratified;
(2) the date of each defective corporate act;
(3) if the defective corporate act or acts involved the issuance of putative shares, the number and type of putative shares issued and the date or dates on which the putative shares were purportedly issued;
(4) the nature of the failure of authorization with respect to each defective corporate act to be ratified; and
(5) that the board of directors approves the ratification of the defective corporate act or acts.
(b) A resolution may also state that, notwithstanding shareholder approval of the ratification of a defective corporate act that is a subject of the resolution, the board of directors may, with respect to the defective corporate act, abandon the ratification of the defective corporate act at any time before the validation effective time without further shareholder action.

Legislative History

Added by Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860 ), Sec. 30, eff. September 1, 2015. Amended by: Acts 2017, 85th Leg., R.S., Ch. 75 (S.B. 1518 ), Sec. 16, eff. September 1, 2017.