Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 2. CORPORATIONS |
Chapter 21. FOR-PROFIT CORPORATIONS |
Subchapter M. AFFILIATED BUSINESS COMBINATIONS |
Sec. 21.608. EFFECT ON OTHER ACTIONS
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(a) This subchapter does not affect, directly or indirectly, the validity of another action by the board of directors of an issuing public corporation.
(b) This subchapter does not preclude the board of directors of an issuing public corporation from taking other action in accordance with law.
(c) The board of directors of an issuing public corporation does not incur liability for an election made or not made under this subchapter.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.