149.004 – ESTABLISHING FAIR MARKET VALUE OF TOTAL GROSS
Texas Civil Practice and Remedies Code § 149.004
Summary
This law allows corporations to determine the fair market value of their total gross assets using reasonable methods. It is particularly relevant for compliance with asset limitation requirements in related statutes.
Corporations can use various methods to establish asset value.
Methods include going concern value or arm's-length transaction prices.
Applicable for compliance with asset limitation regulations.
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In simple terms: Learn about Texas's ESTABLISHING FAIR MARKET VALUE OF TOTAL GROSS 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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