Texas Business Organizations Code - Section 200.263. Number Of Votes Per Share
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 200.263. Number Of Votes Per Share
§ 200.263. NUMBER OF VOTES PER SHARE. (a) Except as
provided by the certificate of formation of a real estate
investment trust or this title or Title 1, each outstanding share,
regardless of class, is entitled to one vote on each matter
submitted to a vote at a shareholders' meeting.
(b) If the certificate of formation provides for more or
less than one vote per share on a matter for all of the outstanding
shares or for the shares of a class or series, each reference in
this code or in the certificate of formation or bylaws, unless
expressly stated otherwise, to a specified portion of the shares
with respect to that matter refers to the portion of the votes
entitled to be cast with respect to those shares under the
certificate of formation.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 200.256 200.257 200.258 200.259 200.260 200.261 200.262 200.263 200.264 200.265 200.266 200.267 200.268 200.301 200.302
Last modified: August 11, 2007
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