{"data":{"id":"us-tx/tex.-business-organizations-code-21.369","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.369","heading":"REVOCABILITY OF PROXY.","body":"(a) In this section, a \"proxy coupled with an interest\" includes the appointment as proxy of:\n(1) a pledgee;\n(2) a person who purchased or agreed to purchase the shares subject to the proxy;\n(3) a person who owns or holds an option to purchase the shares subject to the proxy;\n(4) a creditor of the corporation who extended the corporation credit under terms requiring the appointment;\n(5) an employee of the corporation whose employment contract requires the appointment; or\n(6) a party to a voting agreement created under Section 6.252 or a shareholders' agreement created under Section 21.101.\n(b) A proxy is revocable unless:\n(1) the proxy form conspicuously states that the proxy is irrevocable; and\n(2) the proxy is coupled with an interest.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 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#21.369","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"1ccc134902c6c7f7541088f3c09e33070bb49df1becb233a5657e0c2d5aeaec9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.368","next":"us-tx/tex.-business-organizations-code-21.370"},"notice":"GroundRules: Original legal text. Not legal advice."}