Tex. Bus. Org. Code § 21.225 : BUSINESS ORGANIZATIONS CODE — CORPORATIONS — FOR-PROFIT CORPORATIONS — SHAREHOLDER RIGHTS AND RESTRICTIONS — Exceptions to Limitations

Section 21.223 or 21.224 does not limit the obligation of a holder, beneficial owner, subscriber, or affiliate to the obligee of the corporation if that person:

(1) expressly assumes, guarantees, or agrees to be personally liable to the obligee for the obligation; or
(2) is otherwise liable to the obligee for the obligation under this code or other applicable statute.

Tex. Bus. Org. Code § 21.225

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.
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