House Bill 3603 signed by the governor June 10 and effective September 1 amends current law relating to derivative proceedings on behalf of for-profit corporations, limited liability companies, and limited partnerships. 

Senate Bill 1859 signed by the governor June 10 and effective September 1 amends the Business Organizations Code to authorize the books, records, minutes, and ownership or membership records of any domestic filing entity to be maintained by means of an information storage device or method or one or more electronic data systems, provided that any books, records, minutes, and ownership or membership records so maintained can be converted into written paper form within a reasonable time, and clarifies that the term “electronic data system” includes a distributed electronic network or database, including one that employs blockchain or distributed ledger technology.  

Senate Bill 1969 signed by the governor June 10 and effective September 1 permits nonprofit corporations to ratify defective corporate acts. 

Senate Bill 1971 signed by the governor June 10 and effective September 1 permits voting agreements by owners of domestic corporations and other entities.

Senate Bill 2128 signed by the governor June 10 and effective September 1 amends the Property Code to require a county clerk to record a paper or a tangible copy of an electronic record that is otherwise eligible under state law to be recorded in the real property records if the copy contains an image of an electronic signature or signatures that are acknowledged, sworn to with a jurat, or proved according to law and the copy has been declared by a notary public or other officer authorized to take an acknowledgment or proof to be a true and correct copy of the electronic record. 

Texas – Additional Legislation Effective September 1