Tex. Bus. Org. Code § 10.359

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 10.359 - Record of Demand for Fair Value of Ownership Interest

(a) A responsible organization shall note in the organization's ownership interest records maintained under Section 3.151 the receipt of a demand for payment from any dissenting owner made under Section 10.356.

(b) If an ownership interest that is the subject of a demand for payment made under Section 10.356 is transferred, a new certificate representing that ownership interest must contain:

(1) a reference to the demand; and

(2) the name of the original dissenting owner of the ownership interest.

Tex. Bus. Org. Code § 10.359

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.