{"data":{"id":"us-tx/tex.-business-organizations-code-3.255","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 3.255","heading":"EFFECT OF EMERGENCY ACTION.","body":"An emergency action taken by the governing persons of a domestic entity in accordance with the entity's governing documents or Section 3.2535, if taken in good faith and based on the reasonable belief that the emergency action was in the entity's best interest:\n(1) is binding on the entity; and\n(2) may not be used to impose liability on a managerial official, employee, or agent of the entity.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 4, eff. September 1, 2009.\nAmended by:\nActs 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 10, eff. September 1, 2021.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 1. GENERAL PROVISIONS","CHAPTER 3. FORMATION AND GOVERNANCE","SUBCHAPTER F. EMERGENCY GOVERNANCE"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.3.htm#3.255","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"d22408361c31d3c438f3dc9f8a91da1ff86ac51b8501632feb308042715b6dab","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-3.2535","next":"us-tx/tex.-business-organizations-code-4.001"},"notice":"GroundRules: Original legal text. Not legal advice."}