2019 Texas Legislative Update on Amendments to Entity Laws

It has been highly anticipated that changes to Texas Business Entity Laws were to be adopted. In 2019, the Texas Legislature approved numerous amendments to the Texas Business Organization and the Texas Business and Commerce. The new pieces of legislation apply to: Limited Liability Companies, Partnerships, Non-profit Corporations and For-profit Corporations. This article provides a detailed explanation of all amendments that were established.

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Texas Revised Partnership Act Revised Uniform Partnership Act Texas Uniform Partnership Act Model Nonprofit Corporation Act 545 S.W.3d 105 Winding Up Transfer Agent Shareholders Meeting Shareholder Securities Registered Office Reasonable Time Real Estate Investment Trust Real Estate Quorum Public Benefit Corporation Professional Corporation Principal Place of Business Nonprofit Corporation Limited Partnership Limited Partner Limited Liability Company Limited Liability Joint Venture Investment Indemnify General Partner Foreign Corporation Exclusive Directors Derivative Action Conversion Contract Consideration Common Law Board of Directors Bankruptcy Assignee