(a) A responsible organization shall note in the organization’s ownership interest records maintained under § 3.151 the receipt of a demand for payment from any dissenting owner made under § 10.356.
(b) If an ownership interest that is the subject of a demand for payment made under § 10.356 is transferred, a new certificate representing that ownership interest must contain:
(1) a reference to the demand; and
(2) the name of the original dissenting owner of the ownership interest.

Terms Used In Texas Business Organizations Code 10.359

  • Organization: means a corporation, limited or general partnership, limited liability company, business trust, real estate investment trust, joint venture, joint stock company, cooperative, association, bank, insurance company, credit union, savings and loan association, or other organization, regardless of whether the organization is for-profit, nonprofit, domestic, or foreign. See Texas Business Organizations Code 1.002
  • Ownership interest: means an owner's interest in an entity. See Texas Business Organizations Code 1.002
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