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Statement on Entity Status, Power and Authority Opinions Regarding Pre-Code Texas Entities and Pre-Code Registered Foreign Entities Under the Texas Business Organizations Code
Report of the Legal Opinions Committee Regarding Legal Opinions in Business Transactions
This is the slide deck of the presentation.
Texas Legal Opinion Report and Supplements
Status of the Committee Reports
The following are links to works by the Legal Opinions Committee
Legal Opinions Resources
The Legal Opinions Committee of the Section has been working with the Legal Opinions Committee of the ABA's Business Law Section and the World Group on Legal Opinions Foundation to craft a Statement of Opinion Practices to be used by practitioners who regularly give legal opinions about various subjects to their clients. You can find the Statement of Opinion Practices, the related Core Opinion Principles and an Explanatory Note in our Legal Opinions Committee page. Click here to see the materials:
Statement of Opinion Practices
The Legal Opinions Committee of the ABA’s Business Law Section and the Working Group on Legal Opinions Foundation, through a Joint Committee of bar group representatives and other opinion practitioners, have sponsored a project to prepare a Statement of Opinion Practices that establishes a national basis for the preparation and understanding of third-party legal opinion letters. Representatives of the Texas Business Law Section’s Legal Opinions Committee have participated in this project. The Statement has been approved by numerous bar groups, including the Texas Business Law Section. In addition to the Statement, the Joint Committee has also published an Explanatory Note and the Core Opinion Principles, both of which have been posted on this website.
Statement of Opinion Practices - Explanatory Note
The drafters of the Statement of Opinion Practices have prepared an Explanatory Note that provides explanatory information regarding the Statement and the related Core Opinion Principles.
Core Opinion Principles
The Core Opinion Principles are drawn from the Statement of Opinion Practices. The Core Opinion Principles are designed for use by opinion givers who wish to incorporate or attach to their opinion letters a more concise statement of some of the opinion principles included in the Statement.
Statement on the Role of Customary Practice in the Preparation and Understanding of Third-Party Legal Opinions
In 2008, more than 25 bar organizations, including the Texas Business Law Section, adopted the Statement on the Role of Customary Practice in the Preparation and Understanding of Third-Party Legal Opinions. The Customary Practice Statement describes the role of customary practice in rendering and receiving third-party legal opinions.
ABA Legal Opinion Resource Center
The ABA Legal Opinion Resource Center is a website that contains reports and other materials useful in legal opinion practice.