The Texas Close Corporation Law: Some Observations and Modest Proposals
Date
1984
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Texas Tech Law Review
Abstract
Presents, describes, and analyzes selected sections of the Texas Close Corporation Law (TCCL) in view of the special needs of the closely held concern. A closely held concern has a small number of shareholder and often not traded. The general thrust of this article is that close corporation statutes must be drafted with closed corporations’ specific situations in mind. Because it is only through such careful drafting that a level of certainty will be created that lawyers, incorporators, and businesspersons can rely upon.
Description
Keywords
Texas Close Corporation Law, TCCL, Closed corporations, Shareholders, Stocks
Citation
15 Tex. Tech L. Rev. 779