Tex. Bus. Orgs. Code § 23.061 · Subchapter B. BUSINESS DEVELOPMENT CORPORATIONS
PARTICIPATION AS OWNER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
(b) An owner of shares of the corporation may exercise any right, power, or privilege of that ownership, including the right to vote.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.23.htm
- Text hash
- sha256 dbd95f0da59e1ef765ab0b3cbbdc3400ad870f7b7b3acd2f611376d78afb512b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.