Texas Business Organizations Code 21.460 – Rights of Dissent and Appraisal
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Terms Used In Texas Business Organizations Code 21.460
- Appraisal: A determination of property value.
- Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
- Domestic: means , with respect to an entity, that the entity is formed under this code or the entity's internal affairs are governed by this code. See Texas Business Organizations Code 1.002
A shareholder of a domestic corporation has the rights of dissent and appraisal under Subchapter H, Chapter 10, with respect to a fundamental business transaction.
