Sec. 21.108. PERSONS ACTING IN PLACE OF SHAREHOLDERS. An organizer or a subscriber for shares may act as a shareholder with respect to a shareholders' agreement authorized by this subchapter if no shares have been issued when the agreement is signed.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter C. Shareholders' Agreements
Section 21.101. Shareholders' Agreement
Section 21.102. Term of Agreement
Section 21.103. Disclosure of Agreement; Recall of Certain Certificates
Section 21.104. Effect of Shareholders' Agreement
Section 21.105. Right of Rescission; Knowledge of Purchaser of Shares
Section 21.106. Agreement Limiting Authority of and Supplanting Board of Directors; Liability
Section 21.107. Liability of Shareholder
Section 21.108. Persons Acting in Place of Shareholders