Texas § BO.21.705 - ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS
Full text of Texas The Texas Constitution § BO.21.705 — ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS, with citation guidance and answers to common questions.
§ BO.21.705. ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS
ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS. (a) An ordinary corporation may become a close corporation by amending its certificate of formation in accordance with Chapter 3 to conform with Section 3.008 . (b) An amendment adopting close corporation status must be approved by the affirmative vote of the holders of all of the outstanding shares of each class established by the close corporation, regardless of whether a class is entitled to vote on the amendment by the certificate of formation of the ordinary corporation. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.21.705
What does The Texas Constitution § BO.21.705 cover?
Section BO.21.705 ("ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.21.705?
A common citation format is "The Texas Constitution § BO.21.705" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.21.705 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.