10.363 – POWERS AND DUTIES OF APPRAISER; APPRAISAL
Texas Business Organizations Code § 10.363
Summary
This section outlines the powers and responsibilities of an appraiser appointed by the court to assess the fair value of ownership interests. It affects parties involved in legal disputes over ownership valuations, ensuring a structured appraisal process.
Appraisers have powers granted by the court's appointment order.
They must determine the fair value of ownership interests.
Appraisers may also act under the authority of a master in chancery.
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In simple terms: Learn about Texas's POWERS AND DUTIES OF APPRAISER; APPRAISAL 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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