Tex. Bus. Org. Code § 3.255

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3.255 - Effect of Emergency Action

An emergency action taken by the governing persons of a domestic entity in accordance with the entity's governing documents or Section 3.2535, if taken in good faith and based on the reasonable belief that the emergency action was in the entity's best interest:

(1) is binding on the entity; and

(2) may not be used to impose liability on a managerial official, employee, or agent of the entity.

Tex. Bus. Org. Code § 3.255

Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 39,Sec. 10, eff. 9/1/2021.

Added by Acts 2009, 81st Leg., R.S., Ch. 84, Sec. 4, eff. 9/1/2009.