10.361 – PROCEEDING TO DETERMINE FAIR VALUE OF OWNERSHIP
Texas Business Organizations Code § 10.361
Summary
This law outlines the process for determining the fair value of ownership interests when a dissenting owner disputes the offered amount. It allows either the dissenting owner or the responsible organization to file a petition if an agreement cannot be reached.
Applies when ownership value is disputed by a dissenting owner.
Petition can be filed if no agreement on value is reached.
Appraisers may be appointed to determine fair value.
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In simple terms: Learn about Texas's PROCEEDING TO DETERMINE FAIR VALUE OF OWNERSHIP 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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