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Texas Business Organizations Code

§ 6A.202 — DECLARATORY JUDGMENT OR INJUNCTIVE RELIEF

BO § 6A.202Title 1. GENERAL PROVISIONS · Ch. 6A. PROXY ADVISORY SERVICES · Art. C. ENFORCEMENT

Statute text

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(a)In this section, "affected party" includes:
(1)the recipient of proxy advisory services provided by the proxy advisor;
(2)the company that is the subject of the proxy advisory services; or
(3)any shareholder of the company described by Subdivision (2).
(b)An affected party may bring an action seeking a declaratory judgment or injunctive relief under Chapter 37, Civil Practice and Remedies Code, against a proxy advisor who violates this chapter. Not later than the seventh day after the date on which an action is brought under this subsection, the plaintiff shall provide notice to the attorney general, who may intervene in the action.

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 1153 (S.B. 2337), Sec. 2, eff. September 1, 2025.

Source: Texas Business Organizations Code § 6A.202 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.