Texas Business Organizations Code
Sec. § 3.151
Books and Records for All Filing Entities


(a)

Each filing entity shall keep:

(1)

books and records of accounts;

(2)

minutes of the proceedings of the owners or members or governing authority of the filing entity and committees of the owners or members or governing authority of the filing entity;

(3)

at its registered office or principal place of business, or at the office of its transfer agent or registrar, a current record of the name and mailing address of each owner or member of the filing entity; and

(4)

other books and records as required by the title of this code governing the entity.

(b)

The books, records, minutes, and ownership or membership records of any filing entity, including those described in Subsection (a)(4), may be in written paper form or another form capable of being converted into written paper form within a reasonable time.

(c)

The records required by Subsection (a)(2) need not be maintained by a limited partnership or a limited liability company except to the extent required by its governing documents.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 8, eff. January 1, 2006.
Sec. 3.152. GOVERNING PERSONS RIGHT OF INSPECTION. (a) A governing person of a filing entity may examine the entitys books and records maintained under Section 3.151 and other books and records of the entity for a purpose reasonably related to the governing persons service as a governing person.

(b)

A court may require a filing entity to open the books and records of the filing entity, including the books and records maintained under Section 3.151, to permit a governing person to inspect, make copies of, or take extracts from the books and records on a showing by the governing person that:

(1)

the person is a governing person of the entity;

(2)

the person demanded to inspect the entitys books and records;

(3)

the persons purpose for inspecting the entitys books and records is reasonably related to the persons service as a governing person; and

(4)

the entity refused the persons good faith demand to inspect the books and records.

(c)

A court may award a governing person attorneys fees and any other proper relief in a suit to require a filing entity to open its books and records under Subsection (b).

(d)

This section does not apply to limited partnerships. Section 153.552 applies to limited partnerships.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source
Last accessed
Jun. 9, 2018