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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business Organizations Code § 10.252: NO APPROVAL REQUIRED FOR CERTAIN DISPOSITIONS OF PROPERTY.

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Where this section sits in the code
  1. BUSINESS ORGANIZATIONS CODE
  2. TITLE 1. GENERAL PROVISIONS
  3. CHAPTER 10. MERGERS, INTEREST EXCHANGES, CONVERSIONS, AND SALES OF ASSETS
  4. SUBCHAPTER F. PROPERTY TRANSFERS AND DISPOSITIONS

Except as otherwise provided by this code, the governing documents of the domestic entity, or specific limitations established by the governing authority, a sale, lease, assignment, conveyance, pledge, mortgage, deed of trust, trust indenture, or other transfer of an interest in real property or other property made by a domestic entity does not require the approval of the members or owners of the entity.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Collected 2026-08-27T01:46:58Z. Source file · JSON

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