10.368 – EXCLUSIVITY OF REMEDY OF DISSENT AND APPRAISAL.
Texas Business Organizations Code § 10.368
Summary
This law establishes that if an owner of an ownership interest disagrees with a corporate action, their only remedy is to dissent and seek fair value for their interest, unless fraud is involved. It limits the ability to claim additional money damages related to the action taken.
Dissent and appraisal is the sole remedy for owners.
Excludes claims for money damages unless fraud is present.
Applies to actions affecting ownership interests in corporations.
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In simple terms: Learn about Texas's EXCLUSIVITY OF REMEDY OF DISSENT AND 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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