Executive Summary of the Texas Business Organizations Code

By: Sally A. Schreiber

Feb 07, 2006

What does it do? Codifies the following statutes (the "source statutes"):

  • Texas Business Corporation Act
  • Texas Revised Partnership Act
  • Texas Revised Limited Partnership Act
  • Texas Limited Liability Company Act
  • Texas Non-Profit Corporation Act
  • Texas Uniform Unincorporated Non-Profit Association Act
  • Texas Miscellaneous Corporation Laws Act
  • Texas Real Estate Investment Trust Act
  • Texas Professional Corporation Act
  • Texas Professional Associations Act
  • Texas Cooperative Associations Act

When is it effective?

The Code became effective on January 1, 2006, for all domestic entities formed on or after that date, all foreign filing entities that were not registered before that date, and all foreign non-filing entities.

The Code will become effective on January 1, 2010, for all domestic entities and all foreign entities, regardless of when formed or qualified, unless they opt-in earlier.

Annual registrations under the limited liability partnership provisions are all subject to the Code, even if the entity itself isn't.

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