Tex.
Bus. Orgs. Code Section 6.251
Voting Trusts
(a)
Except as provided by this code or the governing documents, any number of owners of a domestic entity may enter into a written voting trust agreement to confer on a trustee the right to vote or otherwise represent ownership or membership interests of the domestic entity.(b)
An ownership or membership interest that is the subject of a voting trust agreement described by Subsection (a) shall be transferred to the trustee named in the agreement for purposes of the agreement.(c)
A copy of a voting trust agreement described by Subsection (a) shall be deposited with the domestic entity at the domestic entity’s principal executive office or registered office and is subject to examination by:(1)
an owner, whether in person or by the owner’s agent or attorney, in the same manner as the owner is entitled to examine the books and records of the domestic entity; and(2)
a holder of a beneficial interest in the voting trust, whether in person or by the holder’s agent or attorney, at any reasonable time for any proper purpose.
Source:
Section 6.251 — Voting Trusts, https://statutes.capitol.texas.gov/Docs/BO/htm/BO.6.htm#6.251 (accessed Apr. 29, 2024).
