Texas Business Organizations Code

§ 10.052 — PLAN OF EXCHANGE: REQUIRED PROVISIONS

BO § 10.052Title 1. GENERAL PROVISIONS · Ch. 10. MERGERS, INTEREST EXCHANGES, CONVERSIONS, AND SALES OF ASSETS · Art. B. EXCHANGES OF INTERESTS

Statute text

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(a)A plan of exchange must be in writing and must include:

(1)the name of each domestic entity the ownership or membership interests of which are to be acquired;

(2)the name of each acquiring organization;

(3)if there is more than one acquiring organization, the ownership or membership interests to be acquired by each organization;

(4)the terms and conditions of the exchange; and

(5)the manner and basis, including use of a formula, of exchanging the ownership or membership interests to be acquired for:

…

Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 12, eff. September 1, 2011. Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 10, eff. September 1, 2015. Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 20, eff. September 1, 2025.