Texas § 200.266 REVOCABILITY OF PROXY.

Texas Statutes

§ 200.266 — REVOCABILITY OF PROXY.

Texas § 200.266

Code BOBusiness Organizations Code

This text of Texas § 200.266 (REVOCABILITY OF PROXY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 200.266 (2026).

Text

Sec. 200.266. 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 real estate investment trust who extended the real estate investment trust credit under terms requiring the appointment;

(5)an employee of the real estate investment trust whose employment contract requires the appointment; or

(6)a party to a voting agreement created under Section 6.252 .

(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.

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Sec. 200.266. 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 real estate investment trust who extended the real estate investment trust credit under terms requiring the appointment;
(5) an employee of the real estate investment trust whose employment contract requires the appointment; or
(6) a party to a voting agreement created under Section 6.252 .
(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.