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Texas Business Organizations Code - Section 21.201. Registered Holders As Owners

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§ 21.201. REGISTERED HOLDERS AS OWNERS. Except as otherwise provided by this code and subject to Chapter 8, Business & Commerce Code, a corporation may consider the person registered as the owner of a share in the share transfer records of the corporation at a particular time, including a record date set under Section 6.101 or 6.102 or Subchapter H, as the owner of that share at that time for purposes of: (1) voting the share; (2) receiving distributions on the share; (3) transferring the share; (4) receiving notice, exercising rights of dissent, exercising or waiving a preemptive right, or giving proxies with respect to that share; (5) entering into agreements with respect to that share in accordance with Section 6.251, 6.252, or 21.210; or (6) any other shareholder action. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007