{"data":{"id":"us-tx/tex.-business-organizations-code-21.201","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.201","heading":"REGISTERED HOLDERS AS OWNERS; SHARES HELD BY NOMINEES.","body":"(a) Except as otherwise provided by this code and subject to Chapter 8, Business \u0026 Commerce Code, a corporation may consider the person registered as the owner of a share in the share transfer records of the corporation at a particular time, including a record date set under Section 6.101 or 6.102 or Subchapter H, as the owner of that share at that time for purposes of:\n(1) voting the share;\n(2) receiving distributions on the share;\n(3) transferring the share;\n(4) receiving notice, exercising rights of dissent, exercising or waiving a preemptive right, or giving proxies with respect to that share;\n(5) entering into agreements with respect to that share in accordance with Section 6.251, 6.252, or 21.210; or\n(6) any other shareholder action.\n(b) A corporation may establish a procedure by which the corporation recognizes as a shareholder the beneficial owner of shares registered in the name of a nominee.\n(c) A procedure established under Subsection (b) must:\n(1) determine the extent of the corporation's recognition of the beneficial owner as a shareholder; and\n(2) include the nominee's filing of a statement with the corporation that contains information regarding the beneficial owner.\n(d) A procedure established under Subsection (b) may set forth:\n(1) the types of nominees to which the procedure applies;\n(2) the rights or privileges that the corporation will recognize in a beneficial owner, to the extent that the rights or privileges are not inconsistent with Section 10.361(g);\n(3) the manner in which the procedure is selected by the nominee;\n(4) the information that must be provided when the procedure is selected;\n(5) the period for which the selection of the procedure is effective; and\n(6) any other aspect of the rights and duties to be established under the procedure.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 33, eff. September 1, 2009.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER E. SHAREHOLDER RIGHTS AND RESTRICTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"23a19e1c80c16b413d53add35425be20a692a47775ae4663a0bc727d2fd9490a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.173","next":"us-tx/tex.-business-organizations-code-21.202"},"notice":"GroundRules: Original legal text. Not legal advice."}