{"data":{"id":"us-tx/tex.-business-organizations-code-21.317","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.317","heading":"STATUTE OF LIMITATIONS ON ACTION FOR WRONGFUL DISTRIBUTION.","body":"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.\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 G. DISTRIBUTIONS AND SHARE DIVIDENDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.317","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"09f5ff1228f03ed60bb2f8af0acd0426550b98814a90547af9d689ed5f8f7872","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.316","next":"us-tx/tex.-business-organizations-code-21.318"},"notice":"GroundRules: Original legal text. Not legal advice."}