Texas Business Organizations Code - Section 6.251. Voting Trusts
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§ 6.251. VOTING TRUSTS. (a) Except as provided by this
code or the governing documents, any number of owners of an entity
may enter into a written voting trust agreement to confer on a
trustee the right to vote or otherwise represent ownership or
membership interests of the entity.
(b) An ownership or membership interest that is the subject
of a voting trust agreement described by Subsection (a) shall be
transferred to the trustee named in the agreement for purposes of
the agreement.
(c) A copy of a voting trust agreement described by
Subsection (a) shall be deposited with the entity at the entity's
principal executive office or registered office and is subject to
examination by:
(1) an owner, whether in person or by the owner's agent
or attorney, in the same manner as the owner is entitled to examine
the books and records of the entity; and
(2) a holder of a beneficial interest in the voting
trust, whether in person or by the holder's agent or attorney, at
any reasonable time for any proper purpose.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 6.155 6.156 6.201 6.202 6.203 6.204 6.205 6.251 6.252 6.301 6.302 7.001 8.001 8.002 8.003
Last modified: August 11, 2007
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