Texas § BO.6.103 - RECORD DATE FOR SUSPENDED DISTRIBUTIONS
Full text of Texas The Texas Constitution § BO.6.103 — RECORD DATE FOR SUSPENDED DISTRIBUTIONS, with citation guidance and answers to common questions.
§ BO.6.103. RECORD DATE FOR SUSPENDED DISTRIBUTIONS
RECORD DATE FOR SUSPENDED DISTRIBUTIONS. (a) In this section, "distribution" includes a distribution that: (1) was payable to an owner or member but not paid and was held in suspension by the entity making the distribution; or (2) is paid or delivered by the entity making the distribution into an escrow account or to a trustee or custodian. (b) A distribution made by a domestic entity shall be payable by the entity, or an escrow agent, trustee, or custodian of the distribution, to the owner or member determined on the record date for the distribution as provided by this subchapter. (c) The right to a distribution under this section may be transferred by contract, by operation of law, or under the laws of descent and distribution. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. SUBCHAPTER D. VOTING OF OWNERSHIP INTERESTS
Frequently Asked Questions About Texas § BO.6.103
What does The Texas Constitution § BO.6.103 cover?
Section BO.6.103 ("RECORD DATE FOR SUSPENDED DISTRIBUTIONS") 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.6.103?
A common citation format is "The Texas Constitution § BO.6.103" (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.6.103 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.