Texas § BO.21.601 - DEFINITIONS

§ BO.21.601. DEFINITIONS

DEFINITIONS. In this subchapter: (1) "Issuing public corporation" means a domestic corporation that has: (A) 100 or more shareholders of record as shown by the share transfer records of the corporation; (B) a class or series of the corporation's voting shares registered under the Securities Exchange Act of 1934 (15 U.S.C. Section 77b et seq.), as amended; or (C) a class or series of the corporation's voting shares qualified for trading on a national securities exchange. (2) "Person" includes two or more persons acting as a partnership, limited partnership, syndicate, or other group under an agreement, arrangement, or understanding, regardless of whether in writing, to acquire, hold, vote, or dispose of a corporation's shares. (3) "Share acquisition date" means the date a person initially becomes an affiliated shareholder of an issuing public corporation. (4) "Subsidiary" means a domestic or foreign corporation or other entity of which a majority of the outstanding voting shares are owned, directly or indirectly, by an issuing public corporation. (5) "Voting share" means a share of capital stock of a corporation that entitles the holder of the share to vote generally in the election of directors. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748 ), Sec. 30, eff. September 1, 2011.