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Current as of January 01, 2024 | Updated by Findlaw Staff
In this subchapter:
(1) “Issuing public corporation” means a domestic corporation that has:
(A) 100 or more shareholders of record as shown by the share transfer records of the corporation;
(B) a class or series of the corporation's voting shares registered under the Securities Exchange Act of 1934 (15 U.S.C. Section 77b et seq.), as amended; or
(C) a class or series of the corporation's voting shares qualified for trading on a national securities exchange.
(2) “Person” includes two or more persons acting as a partnership, limited partnership, syndicate, or other group under an agreement, arrangement, or understanding, regardless of whether in writing, to acquire, hold, vote, or dispose of a corporation's shares.
(3) “Share acquisition date” means the date a person initially becomes an affiliated shareholder of an issuing public corporation.
(4) “Subsidiary” means a domestic or foreign corporation or other entity of which a majority of the outstanding voting shares are owned, directly or indirectly, by an issuing public corporation.
(5) “Voting share” means a share of capital stock of a corporation that entitles the holder of the share to vote generally in the election of directors.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 21.601. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-21-601/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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