Texas Corporate Directors’ Standard of Care and Right To Rely: A Proposed Modification

dc.creatorHandler, T. Richard
dc.creatorChristy, J. Gordon
dc.date.accessioned2019-04-05T16:14:03Z
dc.date.available2019-04-05T16:14:03Z
dc.date.issued1976
dc.description.abstractIn 1955, the Texas Legislature adopted the Texas Business Corporation Act (TBCA), which largely derives from the Model Business Corporation Act (Model Act). Periodically, the American Bar Association Committee on Corporate Laws amends the Model Act to reflect modern business, political, and social developments. Texas traditionally has followed the lead of the Model Act's revisers, with occasional modifications. Recently, the ABA Committee examined section 35 of the Model Act and adopted new provisions (the Revision) concerning corporate directors, including a statutory standard of care and a revised "right to rely." It is likely that interested parties will soon urge the Texas Legislature to amend the TBCA so that Texas law will conform to the revised Model Act and other states' enactments. This article examines the possible effects of adoption, modification, or rejection of the Model Act Revision.en_US
dc.identifier.citation8 Tex. Tech L. Rev. 291en_US
dc.identifier.urihttps://hdl.handle.net/2346/83544
dc.language.isoengen_US
dc.publisherTexas Tech Law Reviewen_US
dc.subjectTexas Business Corporation Acten_US
dc.subjectTBCAen_US
dc.subjectModel Business Corporation Acten_US
dc.subjectSection 35en_US
dc.subjectCorporate directorsen_US
dc.subjectStandard of careen_US
dc.subjectRight to relyen_US
dc.titleTexas Corporate Directors’ Standard of Care and Right To Rely: A Proposed Modificationen_US
dc.typeArticleen_US

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