Collin Texas Articles 5.11, 5.12 and 5.13 of Texas Business Corporation Act

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• County: Collin
• Control #: US-CC-12-1358I
• Format: Word; Rich Text

Description

This is a sample of certain articles contained in the Texas Business Corp. Act, which may be used across the United States. These articles discuss appraisal rights provisions. Collin, Texas is a county located in the State of Texas, United States. It is part of the Dallas-Fort Worth metropolitan area and has a population of approximately 1 million people. Collin County is known for its rapid growth, thriving economy, and high standard of living. Now, let's delve into the specific articles of the Texas Business Corporation Act related to Collin Texas. Articles 5.11, 5.12, and 5.13 cover various aspects of corporate governance and the rights and responsibilities of corporations operating in the state. Article 5.11 of the Texas Business Corporation Act focuses on the "Certificate of Formation." This document is of utmost importance as it establishes the existence of a corporation in Collin County, Texas. It outlines key details such as the corporation's name, purpose, duration, registered agent, and authorized shares of stock. The Certificate of Formation must be filed with the Secretary of State to ensure legal recognition and compliance with the state's corporation laws. Article 5.12, also referred to as the "Registered Office and Registered Agent," defines the requirement for a corporation to have and maintain a physical address within Collin County. This registered office serves as the official address where legal and official documents can be delivered. A registered agent is an individual or entity appointed by the corporation to receive service of process and other legal notifications on their behalf. Lastly, Article 5.13, known as "Resident Agent for Service of Process," emphasizes the importance of appointing an agent who is an individual resident of the State of Texas. This agent is responsible for accepting legal documents, including lawsuits and other legal actions, on behalf of the corporation. It ensures that the corporation cannot evade legal responsibilities by appointing an out-of-state agent. These articles play a vital role in establishing and maintaining a corporation's legal presence in Collin County, Texas. By complying with these regulations, businesses can operate within the jurisdiction while ensuring transparency, accountability, and adherence to the State's corporation laws. It is worth noting that Collin Texas does not have any distinct or unique variations of Articles 5.11, 5.12, and 5.13. These articles are applicable statewide and serve as a fundamental part of the Texas Business Corporation Act, ensuring consistency and uniformity across the state.

Collin, Texas is a county located in the State of Texas, United States. It is part of the Dallas-Fort Worth metropolitan area and has a population of approximately 1 million people. Collin County is known for its rapid growth, thriving economy, and high standard of living. Now, let's delve into the specific articles of the Texas Business Corporation Act related to Collin Texas. Articles 5.11, 5.12, and 5.13 cover various aspects of corporate governance and the rights and responsibilities of corporations operating in the state. Article 5.11 of the Texas Business Corporation Act focuses on the "Certificate of Formation." This document is of utmost importance as it establishes the existence of a corporation in Collin County, Texas. It outlines key details such as the corporation's name, purpose, duration, registered agent, and authorized shares of stock. The Certificate of Formation must be filed with the Secretary of State to ensure legal recognition and compliance with the state's corporation laws. Article 5.12, also referred to as the "Registered Office and Registered Agent," defines the requirement for a corporation to have and maintain a physical address within Collin County. This registered office serves as the official address where legal and official documents can be delivered. A registered agent is an individual or entity appointed by the corporation to receive service of process and other legal notifications on their behalf. Lastly, Article 5.13, known as "Resident Agent for Service of Process," emphasizes the importance of appointing an agent who is an individual resident of the State of Texas. This agent is responsible for accepting legal documents, including lawsuits and other legal actions, on behalf of the corporation. It ensures that the corporation cannot evade legal responsibilities by appointing an out-of-state agent. These articles play a vital role in establishing and maintaining a corporation's legal presence in Collin County, Texas. By complying with these regulations, businesses can operate within the jurisdiction while ensuring transparency, accountability, and adherence to the State's corporation laws. It is worth noting that Collin Texas does not have any distinct or unique variations of Articles 5.11, 5.12, and 5.13. These articles are applicable statewide and serve as a fundamental part of the Texas Business Corporation Act, ensuring consistency and uniformity across the state.