Texas Business Organizations Code § 21.207 Disposition Of Shares Having Preemptive Rights

Sec. 21.207. DISPOSITION OF SHARES HAVING PREEMPTIVE RIGHTS. The transferee or successor of a share that has been transferred or otherwise disposed of by a shareholder of a corporation whose preemptive right to acquire shares in the corporation has been violated does not acquire the preemptive right, or any right or claim based on the violation, unless the previous shareholder has assigned the preemptive right to the transferee or successor.

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

Section: Previous  21.173  21.201  21.202  21.203  21.204  21.205  21.206  21.207  21.208  21.209  21.210  21.211  21.212  21.213  21.214  Next

Last modified: September 28, 2016