Texas § 21.716 ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT.

Texas Statutes

§ 21.716 — ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT.

Texas § 21.716

Code BOBusiness Organizations Code

This text of Texas § 21.716 (ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT.) 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. § 21.716 (2026).

Text

Sec. 21.716. ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT. 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.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 21.716. ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT. 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.