(a) In this section, "affected party" includes:
- (1) the recipient of proxy advisory services provided by the proxy advisor;
- (2) the company that is the subject of the proxy advisory services; or
- (3) any shareholder of the company described by Subdivision (2).
- (b) An affected party may bring an action seeking a declaratory judgment or injunctive relief under Chapter 37, Civil Practice and Remedies Code, against a proxy advisor who violates this chapter. Not later than the seventh day after the date on which an action is brought under this subsection, the plaintiff shall provide notice to the attorney general, who may intervene in the action.
Added by Acts 2025, 89th Leg., R.S., Ch. 1153 (S.B. 2337), Sec. 2, eff. September 1, 2025.