Tex. Bus. Orgs. Code Section 23.001
Determination of Applicable Law

(a)

A corporation created under this chapter or under a special statute outside this code, to the extent not inconsistent with a special statute regarding a particular corporation, is governed by:

(1)

Title 1 and Chapter 21 (For-profit Corporations), if the corporation is organized for profit; and

(2)

Title 1 and Chapter 22 (Nonprofit Corporations), if the corporation is organized not for profit.

(b)

If a special statute does not contain any provision regarding a matter provided for in Title 1 or Chapter 21 (For-profit Corporations) or 22 (Nonprofit Corporations), or if the special statute specifically provides that the general laws for corporations supplement the statute, to the extent consistent with the special statute:

(1)

Title 1 and Chapter 21 (For-profit Corporations) apply to a corporation organized for profit; and

(2)

Title 1 and Chapter 22 (Nonprofit Corporations) apply to a corporation organized not for profit.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 23.001 — Determination of Applicable Law, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­23.­htm#23.­001 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 23.001’s source at texas​.gov