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Texas Business Organizations Code - BUS ORG § 10.359. Record of Demand for Fair Value of Ownership Interest

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

(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.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 10.359. Record of Demand for Fair Value of Ownership Interest - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-10-359/

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