Tex. Business Organizations Code § 23.065
This is the official text of Tex. Business Organizations Code § 23.065, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 23.065. VOTING BY SHAREHOLDER OR MEMBER.
Official statutory text
(a) Each shareholder of a corporation has one vote, in person or by proxy, for each share held by the shareholder.
(b) Each member of a corporation has one vote in person or by proxy.
(c) A member with a loan limit that exceeds $1,000 has one additional vote, in person or by proxy, for each additional $1,000 the member may have outstanding on loans to the corporation at any one time as determined under Section 23.068.
(b) Each member of a corporation has one vote in person or by proxy.
(c) A member with a loan limit that exceeds $1,000 has one additional vote, in person or by proxy, for each additional $1,000 the member may have outstanding on loans to the corporation at any one time as determined under Section 23.068.
Status: in_force · Read it on the official government site
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