Tex. Bus. Org. Code § 21.551 : BUSINESS ORGANIZATIONS CODE — CORPORATIONS — FOR-PROFIT CORPORATIONS — DERIVATIVE PROCEEDINGS — Definitions

In this subchapter:

(1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided by Section 21.562, in the right of a foreign corporation.
(2) "Shareholder" includes a shareholder as defined by Section 1.002 or a beneficial owner whose shares are held in a voting trust or by a nominee on the beneficial owner's behalf.

Tex. Bus. Org. Code § 21.551

Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 39,Sec. 23, eff. 9/1/2021.
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 899,Sec. 1, eff. 9/1/2019.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.
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