Section 228.002 - Definition of Affiliate In this chapter, "affiliate" of another person means:
(1) a person that is an affiliate for purposes of Section 823.003;(2) a person that directly or indirectly: (A) beneficially owns 10 percent or more of the outstanding voting securities or other voting or management interests of the other person, whether through rights, options, convertible interests, or otherwise; or(B) controls or holds power to vote 10 percent or more of the outstanding voting securities or other voting or management interests of the other person;(3) a person 10 percent or more of the outstanding voting securities or other voting or management interests of which are directly or indirectly:(A) beneficially owned by the other person, whether through rights, options, convertible interests, or otherwise; or(B) controlled or held with power to vote by the other person;(4) a partnership in which the other person is a general partner;(5) an officer, director, employee, or agent of the other person; or(6) an immediate family member of an officer, director, employee, or agent described by Subdivision (5).Added by Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 1B.001, eff. 4/1/2009.