Texas § BO.21.369 - REVOCABILITY OF PROXY
Full text of Texas The Texas Constitution § BO.21.369 — REVOCABILITY OF PROXY, with citation guidance and answers to common questions.
§ BO.21.369. REVOCABILITY OF PROXY
REVOCABILITY OF PROXY. (a) In this section, a "proxy coupled with an interest" includes the appointment as proxy of: (1) a pledgee; (2) a person who purchased or agreed to purchase the shares subject to the proxy; (3) a person who owns or holds an option to purchase the shares subject to the proxy; (4) a creditor of the corporation who extended the corporation credit under terms requiring the appointment; (5) an employee of the corporation whose employment contract requires the appointment; or (6) a party to a voting agreement created under Section 6.252 or a shareholders' agreement created under Section 21.101 . (b) A proxy is revocable unless: (1) the proxy form conspicuously states that the proxy is irrevocable; and (2) the proxy is coupled with an interest. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Frequently Asked Questions About Texas § BO.21.369
What does The Texas Constitution § BO.21.369 cover?
Section BO.21.369 ("REVOCABILITY OF PROXY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.21.369?
A common citation format is "The Texas Constitution § BO.21.369" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.21.369 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.