81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 2 of 64
The following text was automatically extracted from the image on this page using optical character recognition software:
y g g Y
~ - ...... ~. _~_i... .' i
r --- ----------- ---- ------- -------- .. -I
S.B. No. 1442
[mo -] as the organization [en~ty] existed before the
organization's [sbitbbyze] conversion.
(56-a) "Non-United States entity" means a foreign
entity formed under, and the internal affairs of which are governed
by, the laws of a non-United States jurisdiction.
(56-b) "Non-United States jurisdiction" means a
foreign country or other foreign jurisdiction that is not the
United States or a state of the United States.
(81) "Shareholder" or "holder of shares" means:
(A) the person in whose name shares issued by a
for-profit corporation, professional corporation, or real estate
investment trust are registered in the share transfer records
maintained by the for-profit corporation, professional
corporation, or real estate investment trustor
(B) the beneficial owner of shares issued by a
for-profit corporation, whose shares are held in a voting trust or
by a nominee on the beneficial owner's behalf, to the extent of the
I . i
rights granted by a nominee statement on file with the for-profit
corporation in accordance with Sections 21.201(b) and (c).
Id-SECTION 2. Section 2.003, Business Organizations Code, is
amended to read as follows:
;Sec. 2.003. GENERAL PROHIBITED PURPOSES. A domestic entity
may no :
(1) engage in a business or activity that:
(A) is expressly unlawful or prohibited by a law
of this state; or
(B) cannot lawfll~ be en a ed in bv thrr P t
Here’s what’s next.
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310916/m1/2/?rotate=270: accessed June 24, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.