Source: https://chowinslaw.com/resources/texas-business-laws/277-formation-and-governance-of-texas-business-organizations
Timestamp: 2019-04-23 03:56:49+00:00

Document:
§ 3.001. FORMATION AND EXISTENCE OF FILING ENTITIES.
(a) Subject to the other provisions of this code, to form a filing entity, a certificate of formation complying with §§ 3.003, 3.004, and 3.005 must be filed in accordance with Chapter 4.
§ 3.002. FORMATION AND EXISTENCE OF NONFILING ENTITIES.
A domestic entity exists perpetually unless otherwise provided in the governing documents of the entity. A domestic entity may be terminated in accordance with this code or the Tax Code.
(a) Any person having the capacity to contract for the person or for another may be an organizer of a filing entity.
§ 3.005. CERTIFICATE OF FORMATION.
§ 3.006. FILINGS IN CASE OF MERGER OR CONVERSION.
(a) If a new domestic filing entity is formed under a plan of conversion or merger, the certificate of formation of the entity must be filed with the certificate of conversion or merger under Section 10.155(a) or 10.153(a). The certificate of formation is not required to be filed separately under Section 3.001.
§ 3.007. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF FOR-PROFIT OR PROFESSIONAL CORPORATION.
(2) instead of the statement required by Section 3.005(a)(2), a statement that the filing entity is a for-profit corporation electing to be a public benefit corporation.
§ 3.008. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF CLOSE CORPORATION.
(a) In addition to a provision required or permitted to be stated in the certificate of formation of a for-profit or professional corporation under Section 3.007, the certificate of formation of a close corporation, whether original, amended, or restated, must include the sentence, "This corporation is a close corporation."
§ 3.009. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF NONPROFIT CORPORATION.
§ 3.010. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF LIMITED LIABILITY COMPANY.
§ 3.011. SUPPLEMENTAL PROVISIONS REGARDING CERTIFICATE OF FORMATION OF LIMITED PARTNERSHIP.
(a) To form a limited partnership, the partners must enter into a partnership agreement and file a certificate of formation.
§ 3.012. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF REAL ESTATE INVESTMENT TRUST.
§ 3.013. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF COOPERATIVE ASSOCIATION.
§ 3.014. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF PROFESSIONAL ENTITY.
§ 3.015. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF PROFESSIONAL ASSOCIATION.
§ 3.051. RIGHT TO AMEND CERTIFICATE OF FORMATION.
(a) A filing entity may amend its certificate of formation.
§ 3.052. PROCEDURES TO AMEND CERTIFICATE OF FORMATION.
(a) The procedure to adopt an amendment to the certificate of formation is as provided by the title of this code that applies to the entity.
§ 3.053. CERTIFICATE OF AMENDMENT.
§ 3.054. EXECUTION OF CERTIFICATE OF AMENDMENT OF FOR-PROFIT CORPORATION.
Except as provided by Title 2 or this section, an officer shall sign the certificate of amendment on behalf of the for-profit corporation. If shares of the for-profit corporation have not been issued and the certificate of amendment is adopted by the board of directors, one or more of the directors may sign the certificate of amendment on behalf of the for-profit corporation.
§ 3.055. SUPPLEMENTAL PROVISIONS FOR CERTIFICATE OF AMENDMENT OF REAL ESTATE INVESTMENT TRUST.
§ 3.056. EFFECT OF FILING OF CERTIFICATE OF AMENDMENT.
(a) An amendment to a certificate of formation takes effect when the filing of the certificate of amendment takes effect as provided by Chapter 4.
§ 3.057. RIGHT TO RESTATE CERTIFICATE OF FORMATION.
(a) A filing entity may restate its certificate of formation.
§ 3.058. PROCEDURES TO RESTATE CERTIFICATE OF FORMATION.
(a) The procedure to adopt a restated certificate of formation is governed by the title of this code that applies to the entity.
§ 3.059. RESTATED CERTIFICATE OF FORMATION.
§ 3.060. SUPPLEMENTAL PROVISIONS FOR RESTATED CERTIFICATE OF FORMATION FOR FOR-PROFIT CORPORATION OR PROFESSIONAL CORPORATION.
(a) In addition to the provisions authorized or required by Section 3.059, a restated certificate of formation for a for-profit corporation or professional corporation may update the current number of directors and the names and addresses of the persons serving as directors.
(b) Except as provided by Title 2 or this subsection, an officer shall sign the restated certificate of formation on behalf of the corporation. If shares of the corporation have not been issued and the restated certificate of formation is adopted by the board of directors, one or more of the directors may sign the restated certificate of formation on behalf of the corporation.
§ 3.061. SUPPLEMENTAL PROVISIONS FOR RESTATED CERTIFICATE OF FORMATION FOR NONPROFIT CORPORATION.
(a) In addition to the provisions authorized or required by Section 3.059, a restated certificate of formation for a nonprofit corporation may update the current number of directors and the names and addresses of the persons serving as directors.
§ 3.0611. SUPPLEMENTAL PROVISIONS FOR RESTATED CERTIFICATE OF FORMATION FOR LIMITED LIABILITY COMPANY.
§ 3.062. SUPPLEMENTAL PROVISIONS FOR RESTATED CERTIFICATE OF FORMATION FOR REAL ESTATE INVESTMENT TRUST.
§ 3.063. EFFECT OF FILING OF RESTATED CERTIFICATE OF FORMATION.
(a) A restated certificate of formation takes effect when the filing of the restated certificate of formation takes effect as provided by Chapter 4.
(c) §§ 3.056(b) and (c) apply to an amendment effected by a restated certificate of formation.
Subject to the title of this code that governs the domestic entity and the governing documents of the domestic entity, the governing authority of a domestic entity manages and directs the business and affairs of the domestic entity.
§ 3.102. RIGHTS OF GOVERNING PERSONS IN CERTAIN CASES.
(a) Officers of a domestic entity may be elected or appointed in accordance with the governing documents of the entity or by the governing authority of the entity unless prohibited by the governing documents.
§ 3.104. REMOVAL OF OFFICERS.
(a) Unless otherwise provided by the governing documents of a domestic entity, an officer may be removed for or without cause by the governing authority or as provided by the governing documents of the entity. The removal of an officer does not prejudice any contract rights of the person removed.
§ 3.105. RIGHTS OF OFFICERS IN CERTAIN CASES.
§ 3.151. BOOKS AND RECORDS FOR ALL FILING ENTITIES.
§ 3.152. GOVERNING PERSON'S RIGHT OF INSPECTION.
(a) A governing person of a filing entity may examine the entity's books and records maintained under Section 3.151 and other books and records of the entity for a purpose reasonably related to the governing person's service as a governing person.
§ 3.153. RIGHT OF EXAMINATION BY OWNER OR MEMBER.
Each owner or member of a filing entity may examine the books and records of the filing entity maintained under Section 3.151 and other books and records of the filing entity to the extent provided by the governing documents of the entity and the title of this code governing the filing entity.
§ 3.201. CERTIFICATED OR UNCERTIFICATED OWNERSHIP INTEREST; APPLICABILITY.
(a) Ownership interests in a domestic entity may be certificated or uncertificated.
(b) The ownership interests in a for-profit corporation, real estate investment trust, or professional corporation must be certificated, except to the extent a governing document of the entity or a resolution adopted by the governing authority of the entity provides that some or all of the classes or series of the ownership interests are uncertificated or that some or all of the ownership interests in any class or series of the ownership interests are uncertificated. The entity may have outstanding both certificated and uncertificated ownership interests of the same class or series. If a domestic entity changes the form of its ownership interests from certificated to uncertificated, a certificated ownership interest subject to the change becomes an uncertificated ownership interest only after the certificate is surrendered to the domestic entity.
(d) §§ 3.202-3.205 do not apply to a partnership or a limited liability company except to the extent that the governing documents of the partnership or limited liability company specify.
§ 3.202. FORM AND VALIDITY OF CERTIFICATES; ENFORCEMENT OF ENTITY'S RIGHTS.
(a) A certificate representing the ownership interest in a domestic entity may contain an impression of the seal of the entity, if any. A facsimile of the entity's seal may be printed or lithographed on the certificate.
(a) The managerial official or officials of a domestic entity authorized by the governing documents of the entity to sign certificated ownership interests of the entity must sign any certificate representing an ownership interest in the entity.
A domestic entity shall deliver a certificate representing a certificated ownership interest to which the owner is entitled.
§ 3.205. NOTICE FOR UNCERTIFICATED OWNERSHIP INTEREST.
(a) Except as provided by Subsection (c) and in accordance with Chapter 8, Business & Commerce Code, after issuing or transferring an uncertificated ownership interest, a domestic entity shall notify the owner of the ownership interest in writing of any information required under this subchapter to be stated on a certificate representing the ownership interest.
For purposes of this subchapter, an emergency exists if a majority of a domestic entity's governing persons cannot readily participate in a meeting because of the occurrence of a catastrophic event.
§ 3.252. PROVISIONS IN GOVERNING DOCUMENTS.
§ 3.253. EFFECT OF EMERGENCY PROVISIONS.
The emergency provisions adopted under Section 3.252 take effect only in the event of an emergency. The emergency provisions will no longer be effective after the emergency ends.
§ 3.254. EFFECT OF OTHER PROVISIONS IN GOVERNING DOCUMENTS DURING EMERGENCY.
A provision of an entity's governing documents that is consistent with the emergency provisions adopted under Section 3.252 remains in effect during an emergency.
§ 3.255. EFFECT OF ACTION TAKEN.

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