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Texas Business Organizations Code

§ 402.010 — SALE OF ASSETS, MERGERS, REORGANIZATIONS, CONVERSIONS

BO § 402.010Title 8. MISCELLANEOUS AND TRANSITION PROVISIONS · Ch. 402. MISCELLANEOUS AND TRANSITION PROVISIONS

Statute text

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Chapter 10 and any other applicable provisions of this code apply to a transaction consummated by an entity after the mandatory application date, except that if a required approval of the owners or members of the entity has been given before the mandatory application date or has been given after the mandatory application date but at a meeting of owners or members initially called for a date before the mandatory application date, the transaction shall be governed by the prior law.

Legislative history

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

Source: Texas Business Organizations Code § 402.010 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.