Texas Business Organizations Code - Section 10.359. Record Of Demand For Fair Value Of Ownership Interest
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§ 10.359. RECORD OF DEMAND FOR FAIR VALUE OF OWNERSHIP
INTEREST. (a) A responsible organization shall note in the
organization's ownership interest records maintained under Section
3.151 the receipt of a demand for payment from any dissenting owner
made under Section 10.356.
(b) If an ownership interest that is the subject of a demand
for payment made under Section 10.356 is transferred, a new
certificate representing that ownership interest must contain:
(1) a reference to the demand; and
(2) the name of the original dissenting owner of the
ownership interest.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 10.352 10.353 10.354 10.355 10.356 10.357 10.358 10.359 10.360 10.361 10.362 10.363 10.364 10.365 10.366
Last modified: August 11, 2007
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