Sec. 402.010. SALE OF ASSETS, MERGERS, REORGANIZATIONS, CONVERSIONS. Chapter 10 and any other applicable provisions of this code apply to a transaction consummated by an entity after the mandatory application date, except that if a required approval of the owners or members of the entity has been given before the mandatory application date or has been given after the mandatory application date but at a meeting of owners or members initially called for a date before the mandatory application date, the transaction shall be governed by the prior law.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Title 8 - Miscellaneous and Transition Provisions
Chapter 402 - Miscellaneous and Transition Provisions
Section 402.001. Applicability Upon Effective Date
Section 402.002. Early Effectiveness of Fees
Section 402.003. Early Adoption of Code by Existing Domestic Entity
Section 402.004. Early Adoption of Code by Registered Foreign Filing Entity
Section 402.005. Applicability to Existing Entities
Section 402.0051. Effect of References to Prior Law and Use of Synonymous Terms
Section 402.006. Applicability to Certain Acts, Contracts, and Transactions
Section 402.007. Indemnification
Section 402.008. Meetings of Owners and Members; Consents; Voting of Interests
Section 402.009. Meetings of Governing Authority and Committees; Consents
Section 402.010. Sale of Assets, Mergers, Reorganizations, Conversions
Section 402.011. Winding Up and Termination
Section 402.012. Registration of Certain Foreign Entities