Tex. Business Organizations Code § 23.061
This is the official text of Tex. Business Organizations Code § 23.061, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 23.061. PARTICIPATION AS OWNER.
Official statutory text
(a) An individual, corporation, or other organization authorized to conduct business in this state, including a public utility company, insurance and casualty company, or foreign corporation licensed to do business in this state, or a trust may acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of a bond, security, or other evidence of indebtedness created by, or shares of, the corporation.
(b) An owner of shares of the corporation may exercise any right, power, or privilege of that ownership, including the right to vote.
(b) An owner of shares of the corporation may exercise any right, power, or privilege of that ownership, including the right to vote.
Status: in_force · Read it on the official government site
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