Court Opinions

State Laws

US Code

US Constitution

Texas Business Organizations Code - Section 23.065. Voting By Shareholder Or Member

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 23.065. Voting By Shareholder Or Member

§ 23.065. VOTING BY SHAREHOLDER OR MEMBER.  (a) Each 
shareholder of a corporation has one vote, in person or by proxy, 
for each share held by the shareholder.
	(b)  Each member of a corporation has one vote in person or by 
proxy.        
	(c)  A member with a loan limit that exceeds $1,000 has one 
additional vote, in person or by proxy, for each additional $1,000 
the member may have outstanding on loans to the corporation at any 
one time as determined under Section 23.068.

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007