{"data":{"id":"us-tx/tex.-business-organizations-code-21.051","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.051","heading":"NO PROPERTY RIGHT IN CERTIFICATE OF FORMATION.","body":"A shareholder of a corporation does not have a vested property right resulting from the certificate of formation, including a provision in the certificate of formation relating to the management, control, capital structure, dividend entitlement, purpose, or duration of the corporation.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER B. FORMATION AND GOVERNING DOCUMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"3467bdd8f291f888265269700d7770841039b2e69e05bf5fa1825d814e0aaff2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.002","next":"us-tx/tex.-business-organizations-code-21.052"},"notice":"GroundRules: Original legal text. Not legal advice."}