{"data":{"id":"us-tx/tex.-business-organizations-code-21.711","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.711","heading":"SHAREHOLDERS' MEETING TO ELECT DIRECTORS.","body":"A shareholders' meeting required by Section 21.710(c)(2) shall be promptly called after the termination of close corporation status takes effect. If a meeting is not called before the 31st day after the date the termination takes effect, a shareholder may call a shareholders' meeting on the provision of notice required by Section 21.353, regardless of whether the shareholder is entitled to call a shareholders' meeting or vote at the meeting. At the meeting, the shareholders shall elect the number of directors specified in the certificate of formation or bylaws of the corporation or, in the absence of any specification, three directors.\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 O. CLOSE CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.711","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"2c0cfc5d3b348cd766200584a961f1e23c01299a0518775da736b79f0783aed9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.710","next":"us-tx/tex.-business-organizations-code-21.712"},"notice":"GroundRules: Original legal text. Not legal advice."}