{"data":{"id":"us-tx/tex.-business-organizations-code-21.362","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.362","heading":"CUMULATIVE VOTING RIGHT IN CERTAIN CORPORATIONS.","body":"Except as provided by the corporation's certificate of formation, a shareholder of a corporation incorporated before September 1, 2003, has the right to cumulatively vote the number of shares the shareholder owns in the election of directors to the extent permitted and in the manner provided by Section 21.361. A corporation may limit or deny a shareholder's right to cumulatively vote shares at any time after September 1, 2003, by amending its certificate of formation.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 54, eff. January 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER H. SHAREHOLDERS' MEETINGS; NOTICE TO SHAREHOLDERS; VOTING AND QUORUM"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.362","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"76de8aad8feb49cf6c1dcaafd1972c115b42630d855121a8dcc4d1299dda507d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.361","next":"us-tx/tex.-business-organizations-code-21.363"},"notice":"GroundRules: Original legal text. Not legal advice."}