10.358 – RESPONSE BY ORGANIZATION TO NOTICE OF DISSENT AND
Texas Business Organizations Code § 10.358
Summary
This law requires organizations to respond to dissenting owners who demand payment for their ownership interests. The response must be made in writing within 20 days, either accepting or rejecting the claimed fair value.
Organizations must respond within 20 days of receiving a demand.
Response can either accept or reject the claimed fair value.
Applies to dissenting owners seeking payment for ownership interests.
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In simple terms: Learn about Texas's RESPONSE BY ORGANIZATION TO NOTICE OF DISSENT AND 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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