• Mandatory Application Date Arrives for Texas Business Organizations Code
  • January 12, 2010 | Authors: L. Steven Leshin; Brian R. Marek; Daryl B. Robertson
  • Law Firm: Hunton & Williams LLP - Dallas Office
  • For domestic entities formed in Texas before January 1, 2006, the date has finally arrived for the automatic change in their governing statutes to the Texas Business Organizations Code (the “Code”), as a result of the repeal of the prior Texas statutes on that date and the Code’s provisions governing mandatory application of the Code. Texas entities should now consider what steps should be taken to amend their governing documents to conform to the requirements of the Code and to eliminate potential issues in interpretation and operative effect of various provisions in those documents.