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Texas Business Organizations Code - Section 10.252. No Approval Required For Certain Dispositions Of Property

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 10.252. No Approval Required For Certain Dispositions Of Property

§ 10.252. NO APPROVAL REQUIRED FOR CERTAIN DISPOSITIONS 
OF PROPERTY.  Except as otherwise provided by this code, the 
governing documents of the domestic entity, or specific limitations 
established by the governing authority, a sale, lease, assignment, 
conveyance, pledge, mortgage, deed of trust, trust indenture, or 
other transfer of an interest in real property or other property 
made by a domestic entity does not require the approval of the 
members or owners of the entity.

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

Last modified: August 11, 2007