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Tex. Bus. Orgs. Code § 21.221

PENALTY FOR FAILURE TO PROVIDE NOTICE OF MEETING

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

If an officer or agent of a corporation is unable to comply with the duties prescribed by Sections 21.354 and 21.372 because the officer or agent did not receive notice of a meeting of shareholders within a sufficient time before the date of the meeting, the corporation, rather than the officer or agent, is liable to a shareholder who suffers damages because of the failure for the extent of the damage caused by the failure.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.