Texas § 10.359 RECORD OF DEMAND FOR FAIR VALUE OF OWNERSHIP INTEREST.

Texas Statutes

§ 10.359 — RECORD OF DEMAND FOR FAIR VALUE OF OWNERSHIP INTEREST.

Texas § 10.359

Code BOBusiness Organizations Code

This text of Texas § 10.359 (RECORD OF DEMAND FOR FAIR VALUE OF OWNERSHIP INTEREST.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 10.359 (2026).

Text

Sec. 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.

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Sec. 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.