Sec. 21.366. NUMBER OF VOTES PER SHARE. (a) Except as provided by the certificate of formation of a corporation or this code, each outstanding share, regardless of class, shall be entitled to one vote on each matter submitted to a vote at a shareholders' meeting.
(b) If the certificate of formation provides for more or less than one vote per share on a matter for all of the outstanding shares or for the shares of a class or series, each reference in this code or in the certificate of formation or bylaws, unless expressly stated otherwise, to a specified portion of the shares with respect to that matter refers to the portion of the votes entitled to be cast with respect to those shares under the certificate of formation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter H. Shareholders' Meetings; Notice to Shareholders; Voting and Quorum
Section 21.351. Annual Meeting
Section 21.352. Special Meetings
Section 21.3521. Shareholder Meetings by Remote Communication
Section 21.353. Notice of Meeting
Section 21.3531. Notice by Electronic Transmission
Section 21.354. Inspection of Voting List
Section 21.355. Closing of Share Transfer Records
Section 21.356. Record Date for Written Consent to Action
Section 21.357. Record Date for Purpose of Shareholders' Meeting
Section 21.359. Voting in Election of Directors
Section 21.360. No Cumulative Voting Right Unless Authorized
Section 21.361. Cumulative Voting in Election of Directors
Section 21.362. Cumulative Voting Right in Certain Corporations
Section 21.363. Voting on Matters Other Than Election of Directors
Section 21.364. Vote Required to Approve Fundamental Action
Section 21.365. Changes in Vote Required for Certain Matters
Section 21.366. Number of Votes per Share
Section 21.367. Voting in Person or by Proxy
Section 21.369. Revocability of Proxy
Section 21.370. Enforceability of Proxy