Texas Business Organizations Code - Section 23.061. Participation As Owner
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§ 23.061. PARTICIPATION AS OWNER. (a) An individual,
corporation, or other organization authorized to conduct business
in this state, including a public utility company, insurance and
casualty company, or foreign corporation licensed to do business in
this state, or a trust may acquire, purchase, hold, sell, assign,
transfer, mortgage, pledge, or otherwise dispose of a bond,
security, or other evidence of indebtedness created by, or shares
of, the corporation.
(b) An owner of shares of the corporation may exercise any
right, power, or privilege of that ownership, including the right
to vote.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 23.054 23.055 23.056 23.057 23.058 23.059 23.060 23.061 23.062 23.063 23.064 23.065 23.066 23.067 23.068
Last modified: August 11, 2007
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