81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 3 of 64
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S.B. No. 1442
under state law; or
under state law; or
Sec. 3.251. EERGENCY DEFINED.
For purposes of this
subchapter, an emergency exists if a majority of a domestic
entit's governing persons cannot readily participate in a meeting
because of the occurrence of a catastrophic event.
am 3 25
PROVISIONS IN GOVERNING DOCUMENTS. (a) Except
as otherwise provided by the entity's governing documents, the
governing persons, owners, or members of a domestic entity may
adopt provisions in the entity's governing documents regarding the
management of the entity during an emergency, including provisions:
(2) operate as a:
(B) trust company;
(C) savings association;
(D) insurance company;
(E) [r-ilrkee upany.
14-4.] cemetery organization, except as
authorized by Chapter 711, 712, or 715, Health and Safety Code; or
S[. (4G1] abstract or title company governed by
Title 11, Insurance Code.
SECTION 3. Section 3.202, Bu iness Organizations Code, is
amended by adding Subsection (f) to read as follows:
(f) A certificate representing ownership interests may not
be issued in bearer form.
SECTION 4. Chapter 3, Business Organizations Code, is
amended by adding Subchapter F to read as follows:
SUBCHAPTER F. EMERGENCY GOVERNANCE
For puposes f thi
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310916/m1/3/: accessed June 29, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.