{"data":{"id":"us-tx/tex.-business-organizations-code-21.713","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.713","heading":"MANAGEMENT.","body":"A close corporation shall be managed:\n(1) by a board of directors in the same manner an ordinary corporation would be managed under this chapter; or\n(2) in the manner provided by the close corporation's certificate of formation or by a shareholders' agreement of the close 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 O. CLOSE CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.713","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"c96ebafde58aa04228b10cf298d9a2f9f80145cb1c6d64edb9fefdceab71b269","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.712","next":"us-tx/tex.-business-organizations-code-21.714"},"notice":"GroundRules: Original legal text. Not legal advice."}