Sec. 21.108. PERSONS ACTING IN PLACE OF SHAREHOLDERS. An organizer or a subscriber for shares may act as a shareholder with respect to a shareholders' agreement authorized by this subchapter if no shares have been issued when the agreement is signed. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Persons Acting In Place of Shareholders
Tex. Business Organizations Code § 21.108, under For-Profit Corporations.
Tex. Business Organizations Code § 21.108