Texas HB4115 sets new rules for shareholder proposals in Texas corporations listed on national exchanges.

Texas HB4115 amends the Business Organizations Code to establish new rules for shareholder proposals in Texas corporations that meet specific criteria. These corporations must be formed under Texas law, have registered equity securities, be listed on a national exchange, and either have their principal office in Texas or be listed on a state-approved exchange. Corporations can opt into these rules by amending their governing documents and notifying shareholders.

Texas HB4115 sets new rules for shareholder proposals in Texas corporations listed on national exchanges.

Texas HB4115 amends the Business Organizations Code to establish new rules for shareholder proposals in Texas corporations that meet specific criteria. These corporations must be formed under Texas law, have registered equity securities, be listed on a national exchange, and either have their principal office in Texas or be listed on a state-approved exchange. Corporations can opt into these rules by amending their governing documents and notifying shareholders.