Texas Statutes
§ 22.229 — RIGHT TO CONTRIBUTION.
Texas § 22.229
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 22.229 (RIGHT TO CONTRIBUTION.) 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. § 22.229 (2026).
Text
Sec. 22.229. RIGHT TO CONTRIBUTION. A director against whom a claim is asserted under Section 22.226 or 22.227 and who is held liable on the claim is entitled to contribution from persons who accepted or received the distribution knowing the distribution to have been made in violation of that section, in proportion to the amounts received by those persons.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 22.001
DEFINITIONS.§ 22.051
GENERAL PURPOSES.§ 22.053
DIVIDENDS PROHIBITED.§ 22.056
HEALTH ORGANIZATION CORPORATION.§ 22.102
BYLAWS.§ 22.104
ORGANIZATION MEETING.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 22.229, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/22.229.