{"data":{"id":"us-tx/tex.-business-organizations-code-10.254","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 10.254","heading":"DISPOSITION OF PROPERTY NOT A MERGER OR CONVERSION; LIABILITY.","body":"(a) A disposition of all or part of the property of a domestic entity, regardless of whether the disposition requires the approval of the entity's owners or members, is not a merger or conversion for any purpose.\n(b) Except as otherwise expressly provided by another statute, a person acquiring property described by this section may not be held responsible or liable for a liability or obligation of the transferring domestic entity that is not expressly assumed by the person.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 55, eff. September 1, 2007.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 1. GENERAL PROVISIONS","CHAPTER 10. MERGERS, INTEREST EXCHANGES, CONVERSIONS, AND SALES OF ASSETS","SUBCHAPTER F. PROPERTY TRANSFERS AND DISPOSITIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.10.htm#10.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"d36a3122d6e4cbc68586ad24867a718871d48948df1e6300f62520bfbab0b43c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-10.253","next":"us-tx/tex.-business-organizations-code-10.301"},"notice":"GroundRules: Original legal text. Not legal advice."}