Tex. Business Organizations Code § 6.153
This is the official text of Tex. Business Organizations Code § 6.153, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 6.153. VOTING OF INTERESTS OWNED BY ANOTHER ENTITY.
Official statutory text
An ownership interest in a domestic entity owned by another entity, whether a domestic or foreign entity, may be voted by the officer, agent, or proxy as authorized by:
(1) the governing documents of the entity that owns the interest; or
(2) the governing authority of the entity that owns the interest, if the governing documents do not provide for the manner of voting.
(1) the governing documents of the entity that owns the interest; or
(2) the governing authority of the entity that owns the interest, if the governing documents do not provide for the manner of voting.
Status: in_force · Read it on the official government site
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