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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Each shareholder of a corporation has one vote, in person or by proxy, for each share held by the shareholder.
(b) Each member of a corporation has one vote in person or by proxy.
(c) A member with a loan limit that exceeds $1,000 has one additional vote, in person or by proxy, for each additional $1,000 the member may have outstanding on loans to the corporation at any one time as determined under Section 23.068.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 23.065. Voting by Shareholder or Member - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-23-065/
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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