10.304 – RIGHT OF DISSENT AND APPRAISAL EXCLUDED. An owner
Texas Business Organizations Code § 10.304
Summary
This law specifies that owners or members of a domestic entity undergoing reorganization under federal law cannot exercise dissent and appraisal rights unless the reorganization plan allows for it. This affects stakeholders in domestic entities who might otherwise seek to dissent from corporate actions.
Excludes dissent and appraisal rights during federal reorganizations.
Rights are only available if specified in the reorganization plan.
Applies to owners or members of domestic entities.
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In simple terms: Learn about Texas's RIGHT OF DISSENT AND APPRAISAL EXCLUDED. An owner law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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