CONTROL — Texas Code § BO.21.605
Texas Code § BO.21.605 — CONTROL. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ BO.21.605. CONTROL
CONTROL. (a) For purposes of this subchapter, a person has control of another person if the person has possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of the other person, through the ownership of equity securities, by contract, or in another manner. (b) A person's beneficial ownership of 10 percent or more of a person's outstanding voting shares or similar interests creates a presumption that the person has control of the other person, but a person is not considered to have control of another person who holds the voting shares or similar interests in good faith and not to circumvent this part, as an agent, bank, broker, nominee, custodian, or trustee for one or more beneficial owners who do not individually or as a group have control of the person. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § BO.21.605
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: CONTROL
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official The Texas Constitution. Confirm it against the primary source before relying on it:
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Common questions
What is the source of The Texas Constitution § BO.21.605?
The text above is transcribed from the The Texas Constitution, the codified statutes of Texas. The official publisher link appears under "Verify the text" on this page.
What subject does The Texas Constitution § BO.21.605 address?
It addresses "CONTROL". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is The Texas Constitution § BO.21.605 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Texas source before relying on this text.
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