Definitions

Sec. 21.751. DEFINITIONS. In this subchapter: (1) "Court" means a district court in the county in which the principal office of the close corporation is located. (2) "Custodian" means a person appointed by a court under Section 21.761. (3) "Provisional director" means a person appointed by a court under Section 21.758. (4) "Shareholder" means a record or beneficial owner of shares in a close corporation, including: (A) a person holding a beneficial interest in the shares under an inter vivos, testamentary, or voting trust; or (B) the personal representative, as defined by the Estates Code, of a record or beneficial owner. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488), Sec. 22.001, eff. September 1, 2017.