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Tex. Bus. Orgs. Code § 21.713

MANAGEMENT

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

A close corporation shall be managed:

(1) by a board of directors in the same manner an ordinary corporation would be managed under this chapter; or

(2) in the manner provided by the close corporation's certificate of formation or by a shareholders' agreement of the close corporation.

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