12.156 – CRIMINAL PENALTY. (a) A managerial official or
Texas Business Organizations Code § 12.156
Summary
This law establishes that managerial officials of a business entity can face criminal charges if they obstruct an attorney's investigation or examination of the entity's records. It primarily affects individuals in leadership positions within filing entities or foreign filing entities in Texas.
Obstruction of attorney investigations is a criminal offense.
Applies to managerial officials of filing entities.
Violations result in a Class B misdemeanor.
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In simple terms: Learn about Texas's CRIMINAL PENALTY. (a) A managerial official or law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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