GroundRules
Tex. Business Organizations Code § 21.317: STATUTE OF LIMITATIONS ON ACTION FOR WRONGFUL DISTRIBUTION.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 2. CORPORATIONS
- CHAPTER 21. FOR-PROFIT CORPORATIONS
- SUBCHAPTER G. DISTRIBUTIONS AND SHARE DIVIDENDS
An action may not be brought against a director of a corporation under Section 21.316 after the second anniversary of the date the alleged act giving rise to the liability occurred.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON