Texas Business Organizations Code
§ 101.635 — EFFECTS OF MERGER OF MERGING SERIES
BO § 101.635Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. M. SERIES LIMITED LIABILITY COMPANY
Statute text
View on source(a)When a merger of merging series takes effect:
(1)the separate existence of each merging series that is a party to the merger, other than a surviving merging series or a new protected series or registered series, ceases;
(2)all rights, title, and interests to all real estate and other property owned by each merging series that is a party to the merger is allocated to and vested, subject to any existing liens or other encumbrances on the property, in one or more of the series as provided by the plan of merger without:
(A)reversion or impairment;
(B)any further act or deed; or
(C)any transfer or assignment having occurred;
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Legislative history
Added by Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 1, eff. June 1, 2022.