Amends Texas Business Organizations Code to modify corporate governance and validation of corporate acts.

The bill amends the Texas Business Organizations Code to modify corporate governance and validation of corporate acts. It allows corporations to ratify defective corporate acts without shareholder approval, provided the acts are ratified in accordance with the code. It also allows corporations to petition the court to determine if directors are independent and disinterested. Additionally, it updates the fees for various filings with the Secretary of State and modifies the requirements for certain certificates and filings. The changes take effect on September 1, 2025.

Amends Texas Business Organizations Code to modify corporate governance and validation of corporate acts.

The bill amends the Texas Business Organizations Code to modify corporate governance and validation of corporate acts. It allows corporations to ratify defective corporate acts without shareholder approval, provided the acts are ratified in accordance with the code. It also allows corporations to petition the court to determine if directors are independent and disinterested. Additionally, it updates the fees for various filings with the Secretary of State and modifies the requirements for certain certificates and filings. The changes take effect on September 1, 2025.