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Texas Business Organizations Code

§ 10.357 — WITHDRAWAL OF DEMAND FOR FAIR VALUE OF OWNERSHIP INTEREST

BO § 10.357Title 1. GENERAL PROVISIONS · Ch. 10. MERGERS, INTEREST EXCHANGES, CONVERSIONS, AND SALES OF ASSETS · Art. H. RIGHTS OF DISSENTING OWNERS

Statute text

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(a)An owner may withdraw a demand for the payment of the fair value of an ownership interest made under Section 10.356 before:
(1)payment for the ownership interest has been made under Sections 10.358 and 10.361; or
(2)a petition has been filed under Section 10.361.
(b)Unless the responsible organization consents to the withdrawal of the demand, an owner may not withdraw a demand for payment under Subsection (a) after either of the events specified in Subsections (a)(1) and (2).

Legislative history

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

Source: Texas Business Organizations Code § 10.357 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.