{"data":{"id":"us-tx/tex.-business-organizations-code-23.061","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 23.061","heading":"PARTICIPATION AS OWNER.","body":"(a) An individual, corporation, or other organization authorized to conduct business in this state, including a public utility company, insurance and casualty company, or foreign corporation licensed to do business in this state, or a trust may acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of a bond, security, or other evidence of indebtedness created by, or shares of, the corporation.\n(b) An owner of shares of the corporation may exercise any right, power, or privilege of that ownership, including the right to vote.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 23. SPECIAL-PURPOSE CORPORATIONS","SUBCHAPTER B. BUSINESS DEVELOPMENT CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.23.htm#23.061","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"f6b59099050dc0856355169aa0bd2b7ccc4e18b602929503f82b9bd018ad8d3a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-23.060","next":"us-tx/tex.-business-organizations-code-23.062"},"notice":"GroundRules: Original legal text. Not legal advice."}