Texas Business Organizations Code

§ 200.266 — REVOCABILITY OF PROXY

BO § 200.266Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. F. SHAREHOLDERS' MEETINGS; VOTING AND QUORUM

(a)In this section, a "proxy coupled with an interest" includes the appointment as proxy of:

(1)a pledgee;

(2)a person who purchased or agreed to purchase the shares subject to the proxy;

(3)a person who owns or holds an option to purchase the shares subject to the proxy;

(4)a creditor of the real estate investment trust who extended the real estate investment trust credit under terms requiring the appointment;

(5)an employee of the real estate investment trust whose employment contract requires the appointment; or

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Legislative history

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