Texas § IN.2551.056 - REGULATION OF CERTAIN CORPORATIONS

Full text of Texas The Texas Constitution § IN.2551.056 — REGULATION OF CERTAIN CORPORATIONS, with citation guidance and answers to common questions.

§ IN.2551.056. REGULATION OF CERTAIN CORPORATIONS

REGULATION OF CERTAIN CORPORATIONS. (a) A corporation incorporated under Subdivision 57, Article 1302, Revised Statutes, before February 27, 1929, and engaging in business in this state on February 27, 1929: (1) may continue to engage in business; (2) is subject to this title; and (3) shall comply with the requirements of this title regarding investments and deposits. (b) A shareholder in a company acting under this title is not liable in the event of default in the payment of any debt or liability of the company beyond the shareholder's subscription for stock. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005. SUBCHAPTER C. AUTHORITY TO ENGAGE IN BUSINESS

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.2551.056

What does The Texas Constitution § IN.2551.056 cover?

Section IN.2551.056 ("REGULATION OF CERTAIN 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 § IN.2551.056?

A common citation format is "The Texas Constitution § IN.2551.056" (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.

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