Texas § BO.21.562 - APPLICATION TO FOREIGN CORPORATIONS
Full text of Texas The Texas Constitution § BO.21.562 — APPLICATION TO FOREIGN CORPORATIONS, with citation guidance and answers to common questions.
§ BO.21.562. APPLICATION TO FOREIGN CORPORATIONS
APPLICATION TO FOREIGN CORPORATIONS. (a) In a derivative proceeding brought in the right of a foreign corporation, the matters covered by this subchapter are governed by the laws of the jurisdiction of formation of the foreign corporation, except for Sections 21.555 , 21.560 , and 21.561 , which with respect to foreign corporations are procedural provisions and do not relate to the internal affairs of the foreign corporation, unless applying the laws of the jurisdiction of formation of the foreign corporation requires otherwise with respect to Section 21.555 . (b) In the case of matters relating to a foreign corporation under Section 21.555 , a reference to a person or group of persons described by Section 21.554 refers to a person or group entitled under the laws of the jurisdiction of formation of the foreign corporation to make the determination described by Section 21.554 (a). The standard of review of a determination made by the person or group shall be governed by the laws of the jurisdiction of formation of the foreign corporation. 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. 11, eff. September 1, 2019. Acts 2025, 89th Leg., R.S., Ch. 21 (S.B. 29 ), Sec. 16, eff. May 14, 2025. Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411 ), Sec. 29, eff. September 1, 2025.
Frequently Asked Questions About Texas § BO.21.562
What does The Texas Constitution § BO.21.562 cover?
Section BO.21.562 ("APPLICATION TO FOREIGN CORPORATIONS") 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.21.562?
A common citation format is "The Texas Constitution § BO.21.562" (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.21.562 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.