Legacy Housing Sets 3% Ownership Threshold for Derivative Suits in Bylaw Update
Reuters
Nov 04, 2025
Legacy Housing Sets 3% Ownership Threshold for Derivative Suits in Bylaw Update
Legacy Housing Corporation announced amendments to its bylaws, effective October 29, 2025. The changes include requiring shareholders or groups to own at least 3% of the company's outstanding shares to bring or maintain derivative proceedings, designating specific courts in Texas as the exclusive forum for internal entity claims, and instituting a jury trial waiver for such claims.
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