Texas Business Organizations Code
Sec. § 10.357
Withdrawal of Demand for Fair Value of Ownership Interest


(a)

An owner may withdraw a demand for the payment of the fair value of an ownership interest made under Section 10.356 before:

(1)

payment for the ownership interest has been made under Sections 10.358 and 10.361; or

(2)

a petition has been filed under Section 10.361.

(b)

Unless the responsible organization consents to the withdrawal of the demand, an owner may not withdraw a demand for payment under Subsection (a) after either of the events specified in Subsections (a)(1) and (2).
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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Last accessed
Dec. 5, 2019