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Texas Business Organizations Code - BUS ORG § 10.203. Abandonment if No Filing Required

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If no filing is required by this chapter for the abandonment of a merger, interest exchange, or conversion, the merger, interest exchange, or conversion is abandoned:

(1) as provided by the procedures in the plan of merger, exchange, or conversion; or

(2) if no abandonment procedures are provided by the plan, in the manner determined by the governing authority of the abandoning entity.

(b) A filing of a certificate of abandonment under Section 4.057 is not required for the abandonment of a merger, interest exchange, or conversion if no filing is required under Subchapter D  1 to make the merger, interest exchange, or conversion effective.

1 V.T.C.A., Business Organizations Code § 10.151 et seq.
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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 10.203. Abandonment if No Filing Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-10-203/

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