Texas Business Organizations Code

§ 10.367 — RIGHTS OF OWNERS FOLLOWING TERMINATION OF RIGHT OF DISSENT

BO § 10.367Title 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)The rights of a dissenting owner terminate if:

(1)the owner withdraws the demand under Section 10.356;

(2)the owner's right of dissent is terminated under Section 10.356;

(3)a petition is not filed within the period required by Section 10.361; or

(4)after a hearing held under Section 10.361, the court adjudges that the owner is not entitled to elect to dissent from an action under this subchapter.

(b)On termination of the right of dissent under this section:

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 58, eff. September 1, 2007. Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 21, eff. September 1, 2009.