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Tex. Bus. Orgs. Code § 21.716

ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT

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

Unless otherwise provided by a shareholders' agreement, an amendment to the shareholders' agreement of a close corporation may be adopted only by the written consent of each person who would be required to execute the shareholders' agreement if it were being executed originally at the time of adoption of the amendment, regardless of whether the person has voting power in the close corporation.

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