Texas § BO.21.556 - DISCOVERY
Full text of Texas The Texas Constitution § BO.21.556 — DISCOVERY, with citation guidance and answers to common questions.
§ BO.21.556. DISCOVERY
DISCOVERY. (a) If a corporation proposes to dismiss a derivative proceeding under Section 21.558 , discovery by a shareholder after the filing of the derivative proceeding in accordance with this subchapter shall be limited to: (1) facts relating to whether the person or persons described by Section 21.554 are independent and disinterested; (2) the good faith of the inquiry and review by the person or group; and (3) the reasonableness of the procedures followed by the person or group in conducting the review. (b) Discovery described by Subsection (a) may not be expanded to include a fact or substantive matter regarding the act, omission, or other matter that is the subject matter of the derivative proceeding but the scope of discovery shall not be so limited if the court determines after notice and hearing that a good faith review of the allegations has not been made by an independent and disinterested person or group in accordance with Sections 21.554 and 21.558 . Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603 ), Sec. 6, eff. September 1, 2019.
Frequently Asked Questions About Texas § BO.21.556
What does The Texas Constitution § BO.21.556 cover?
Section BO.21.556 ("DISCOVERY") 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.21.556?
A common citation format is "The Texas Constitution § BO.21.556" (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.21.556 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.