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Texas Business Organizations Code

§ 21.751 — DEFINITIONS

BO § 21.751Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. P. JUDICIAL PROCEEDINGS RELATING TO CLOSE CORPORATION

Statute text

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In this subchapter:
(1)"Court" means a district court in the county in which the principal office of the close corporation is located.
(2)"Custodian" means a person appointed by a court under Section 21.761.
(3)"Provisional director" means a person appointed by a court under Section 21.758.
(4)"Shareholder" means a record or beneficial owner of shares in a close corporation, including:
(A)a person holding a beneficial interest in the shares under an inter vivos, testamentary, or voting trust; or
…

Legislative history

Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488), Sec. 22.001, eff. September 1, 2017.

Source: Texas Business Organizations Code § 21.751 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.