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Tex. Bus. Orgs. Code § 21.551

DEFINITIONS

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

In this subchapter:

(1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided by Section 21.562, in the right of a foreign corporation.

(2) "Shareholder" includes:

(A) a shareholder as defined by Section 1.002;

(B) a beneficial owner whose shares are held in a voting trust or by a nominee on the beneficial owner's behalf; or

(C) two or more shareholders acting in concert under an informal or formal agreement or understanding with respect to a derivative proceeding.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.