Sec. 10.363. POWERS AND DUTIES OF APPRAISER; APPRAISAL PROCEDURES. (a) An appraiser appointed under Section 10.361 has the power and authority that:
(1) is granted by the court in the order appointing the appraiser; and
(2) may be conferred by a court to a master in chancery as provided by Rule 171, Texas Rules of Civil Procedure.
(b) The appraiser shall:
(1) determine the fair value of an ownership interest of an owner adjudged by the court to be entitled to payment for the ownership interest; and
(2) file with the court a report of that determination.
(c) The appraiser is entitled to examine the books and records of a responsible organization and may conduct investigations as the appraiser considers appropriate. A dissenting owner or responsible organization may submit to an appraiser evidence or other information relevant to the determination of the fair value of the ownership interest required by Subsection (b)(1).
(d) The clerk of the court appointing the appraiser shall provide notice of the filing of the report under Subsection (b) to each dissenting owner named in the list filed under Section 10.361 and the responsible organization.
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 H. Rights of Dissenting Owners
Section 10.351. Applicability of Subchapter
Section 10.353. Form and Validity of Notice
Section 10.354. Rights of Dissent and Appraisal
Section 10.355. Notice of Right of Dissent and Appraisal
Section 10.357. Withdrawal of Demand for Fair Value of Ownership Interest
Section 10.359. Record of Demand for Fair Value of Ownership Interest
Section 10.360. Rights of Transferee of Certain Ownership Interest
Section 10.362. Computation and Determination of Fair Value of Ownership Interest
Section 10.363. Powers and Duties of Appraiser; Appraisal Procedures
Section 10.364. Objection to Appraisal; Hearing
Section 10.365. Court Costs; Compensation for Appraiser
Section 10.366. Status of Ownership Interest Held or Formerly Held by Dissenting Owner
Section 10.367. Rights of Owners Following Termination of Right of Dissent
Section 10.368. Exclusivity of Remedy of Dissent and Appraisal