{"data":{"id":"us-tx/tex.-business-organizations-code-21.724","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.724","heading":"TERMINATION OF SHAREHOLDERS' AGREEMENT.","body":"(a) Except as provided by Subsection (b), a shareholders' agreement terminates when the close corporation terminates its status as a close corporation.\n(b) If provided by the shareholders' agreement, all or part of the agreement is valid and enforceable to the extent permitted for an ordinary corporation by this chapter or other law.\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#21.724","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"975246b105bac9decbd958cc1c7fd35d2607504532760232e5067f7e8aef8142","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.723","next":"us-tx/tex.-business-organizations-code-21.725"},"notice":"GroundRules: Original legal text. Not legal advice."}