Sec. 10.252. NO APPROVAL REQUIRED FOR CERTAIN DISPOSITIONS OF PROPERTY. Except as otherwise provided by this code, the governing documents of the domestic entity, or specific limitations established by the governing authority, a sale, lease, assignment, conveyance, pledge, mortgage, deed of trust, trust indenture, or other transfer of an interest in real property or other property made by a domestic entity does not require the approval of the members or owners of the entity.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 10 - Mergers, Interest Exchanges, Conversions, and Sales of Assets
Subchapter F. Property Transfers and Dispositions
Section 10.251. General Power of Domestic Entity to Sell, Lease, or Convey Property
Section 10.252. No Approval Required for Certain Dispositions of Property
Section 10.253. Recording Instrument Conveying Real Property of Domestic Entity
Section 10.254. Disposition of Property Not a Merger or Conversion; Liability