Texas Statutes
§ 21.912 — VALID SHARES OR PUTATIVE SHARES.
Texas § 21.912
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 21.912 (VALID SHARES OR PUTATIVE SHARES.) 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. § 21.912 (2026).
Text
Sec. 21.912. VALID SHARES OR PUTATIVE SHARES. In the absence of actual fraud in the transaction, the judgment of the board of directors of a corporation that shares of the corporation are valid shares or putative shares is conclusive, unless otherwise determined by the district court in a proceeding brought under Section 21.914 .
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Legislative History
Added by Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860 ), Sec. 30, eff. September 1, 2015.
Nearby Sections
15
§ 21.002
DEFINITIONS.§ 21.057
BYLAWS.§ 21.058
DUAL AUTHORITY.§ 21.059
ORGANIZATION MEETING.§ 21.101
SHAREHOLDERS' AGREEMENT.§ 21.102
TERM OF AGREEMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 21.912, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/21.912.