{"data":{"id":"us-tx/tex.-business-organizations-code-21.716","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.716","heading":"ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT.","body":"Unless otherwise provided by a shareholders' agreement, an amendment to the shareholders' agreement of a close corporation may be adopted only by the written consent of each person who would be required to execute the shareholders' agreement if it were being executed originally at the time of adoption of the amendment, regardless of whether the person has voting power in the close corporation.\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 O. CLOSE CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.716","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"0862edaf7090a44b1308f8fd1b81540ce1583b5b9ad92a23b29cad7446ddaffd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.715","next":"us-tx/tex.-business-organizations-code-21.717"},"notice":"GroundRules: Original legal text. Not legal advice."}