GroundRules
← Search the law
Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business Organizations Code § 22.229: RIGHT TO CONTRIBUTION.

Read at publisher ↗
Where this section sits in the code
  1. BUSINESS ORGANIZATIONS CODE
  2. TITLE 2. CORPORATIONS
  3. CHAPTER 22. NONPROFIT CORPORATIONS
  4. SUBCHAPTER E. MANAGEMENT

A director against whom a claim is asserted under Section 22.226 or 22.227 and who is held liable on the claim is entitled to contribution from persons who accepted or received the distribution knowing the distribution to have been made in violation of that section, in proportion to the amounts received by those persons.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Collected 2026-08-27T01:46:58Z. Source file · JSON

Browse this collection