Section 21.721 - Delivery of Copy of Shareholders' Agreement to Transferee(a) Before the transfer of shares of a close corporation in which there is a shareholders' agreement, the transferor shall deliver a complete copy of the shareholders' agreement to the transferee.(b) If the transferor fails to deliver a complete copy of the shareholders' agreement: (1) the validity and enforceability of the shareholders' agreement against each shareholder of the corporation, including the transferee, is not affected;(2) the right, title, or interest of the transferee in the transferred shares is not adversely affected; and(3) the transferee is entitled to obtain on demand from the transferor or from the close corporation a complete copy of the shareholders' agreement at the transferor's expense.Tex. Bus. Org. Code § 21.721
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.