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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business Organizations Code § 23.065: VOTING BY SHAREHOLDER OR MEMBER.

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Where this section sits in the code
  1. BUSINESS ORGANIZATIONS CODE
  2. TITLE 2. CORPORATIONS
  3. CHAPTER 23. SPECIAL-PURPOSE CORPORATIONS
  4. SUBCHAPTER B. BUSINESS DEVELOPMENT CORPORATIONS

(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.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Collected 2026-08-27T01:46:58Z. Source file · JSON

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