Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 2. CORPORATIONS |
Chapter 21. FOR-PROFIT CORPORATIONS |
Subchapter P. JUDICIAL PROCEEDINGS RELATING TO CLOSE CORPORATION |
Sec. 21.753. NOTICE; INTERVENTION
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(a) Notice of the institution of a proceeding shall be given to the close corporation, if the corporation is not a plaintiff, and to each shareholder who is not a plaintiff in the manner prescribed by law and consistent with due process of law as directed by the court.
(b) The close corporation or a shareholder of the close corporation may intervene in the proceeding.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.