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5 Cards in this Set
- Front
- Back
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All Texas corporations are governed by
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the Texas Business Organizations Code (TBOC)
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Formation Reqs
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1. People (Organizer(s)); 2. Paper (Certificate of Formation); 3. Act (1. sign, deliver, pay; 2. organizational meeting)
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What must be in Certificate of Formation?
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1. Names and Addresses; 2. statement of purpose; 3. Capital Structure
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pre-incoporation subscriptions
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irrevocable for 6 mos.
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reqs. To bring sh derivative suit
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1. stock ownership (when clm arose or got it from someone who did);2.fairly/adequately represent corp's interests (own stock the whole time);3.written demand (90 days wait);4. corp joined as d
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