Texas Business Organizations Code

§ 6.157 — VOTING OF JOINTLY HELD OWNERSHIP INTERESTS

BO § 6.157Title 1. GENERAL PROVISIONS · Ch. 6. MEETINGS AND VOTING FOR DOMESTIC ENTITIES · Art. D. VOTING OF OWNERSHIP INTERESTS

Statute text

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(a)In this section, "jointly held ownership interest" means:

(1)an ownership interest that is held of record in the names of two or more persons, whether fiduciaries, joint tenants, tenants in common, or otherwise; or

(2)an ownership interest for which two or more persons have the right to vote the interest under Section 6.154.

(b)A jointly held ownership interest may be voted by:

(1)for a jointly held ownership interest as defined by Subsection (a)(1), any one of the record owners; or

(2)for a jointly held ownership interest as defined by Subsection (a)(2), any one of the persons having the right to vote the interest, as described by Section 6.154.

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Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 75 (S.B. 1518), Sec. 3, eff. September 1, 2017.