{"data":{"id":"us-tx/tex.-business-organizations-code-10.054","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 10.054","heading":"EFFECTIVENESS OF EXCHANGE.","body":"Except as otherwise provided by Subchapter B, Chapter 4, an interest exchange takes effect at the time provided in the plan of exchange or otherwise agreed to by the parties, except that an interest exchange that requires a filing under Subchapter D takes effect on the acceptance of the filing of the certificate of exchange by the secretary of state or county clerk, as appropriate.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 1. GENERAL PROVISIONS","CHAPTER 10. MERGERS, INTEREST EXCHANGES, CONVERSIONS, AND SALES OF ASSETS","SUBCHAPTER B. EXCHANGES OF INTERESTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.10.htm#10.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"b89876f340b9734b533db9904aab39c96bd5cdeca6a6154083d9a60f22d45a5d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-10.053","next":"us-tx/tex.-business-organizations-code-10.055"},"notice":"GroundRules: Original legal text. Not legal advice."}