Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 1. GENERAL PROVISIONS |
Chapter 6. MEETINGS AND VOTING FOR DOMESTIC ENTITIES |
Subchapter D. VOTING OF OWNERSHIP INTERESTS |
Sec. 6.156. VOTING OF PLEDGED INTERESTS
Latest version.
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A pledged ownership interest may be voted by:
(1) the owner of the pledged interest until the interest is transferred into the pledgee's name; and
(2) the pledgee after the pledged interest is transferred into the pledgee's name.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.