Texas Business Organizations Code

§ 21.369 — REVOCABILITY OF PROXY

BO § 21.369Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. H. SHAREHOLDERS' MEETINGS; NOTICE TO SHAREHOLDERS; 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 corporation who extended the corporation credit under terms requiring the appointment;

(5)an employee of the corporation 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.