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Texas Business Organizations Code

§ 6.156 — VOTING OF PLEDGED INTERESTS

BO § 6.156Title 1. GENERAL PROVISIONS · Ch. 6. MEETINGS AND VOTING FOR DOMESTIC ENTITIES · Art. D. VOTING OF OWNERSHIP INTERESTS

Statute text

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A pledged ownership interest may be voted by:
(1)the owner of the pledged interest until the interest is transferred into the pledgee's name; and
(2)the pledgee after the pledged interest is transferred into the pledgee's name.

Legislative history

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

Source: Texas Business Organizations Code § 6.156 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.