Sec. 21.751. DEFINITIONS. In this subchapter:
(1) "Court" means a district court in the county in which the principal office of the close corporation is located.
(2) "Custodian" means a person appointed by a court under Section 21.761.
(3) "Provisional director" means a person appointed by a court under Section 21.758.
(4) "Shareholder" means a record or beneficial owner of shares in a close corporation, including:
(A) a person holding a beneficial interest in the shares under an inter vivos, testamentary, or voting trust; or
(B) the personal representative, as defined by the Estates Code, of a record or beneficial owner.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488), Sec. 22.001, eff. September 1, 2017.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter P. Judicial Proceedings Relating to Close Corporation
Section 21.752. Proceedings Authorized
Section 21.753. Notice; Intervention
Section 21.754. Proceeding Nonexclusive
Section 21.755. Unavailability of Judicial Proceeding
Section 21.756. Judicial Proceeding to Enforce Close Corporation Provision
Section 21.757. Liquidation; Involuntary Winding Up and Termination; Receivership
Section 21.758. Appointment of Provisional Director
Section 21.759. Rights and Powers of Provisional Director
Section 21.760. Compensation of Provisional Director
Section 21.761. Appointment of Custodian