Business Organizations Code § 23.067

A member may not make a loan to a corporation if the corporation’s obligations would exceed 50 times its capital after the loan.

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Jurisdiction: United States — Texas
Instrument: Code
Version: Undated source snapshot
Language: en
Official source: View official record ↗

Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.

capitalization loans

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Business Organizations Code § 23.067

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