{"data":{"id":"us-tx/tex.-business-organizations-code-21.162","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.162","heading":"VALUE AND SUFFICIENCY OF CONSIDERATION.","body":"In the absence of fraud in the transaction, the judgment of the board of directors, the shareholders, or the party approving the plan of conversion or the plan of merger, as appropriate, is conclusive in determining the value and sufficiency of the consideration received for the shares.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER D. SHARES, OPTIONS, AND CONVERTIBLE SECURITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.162","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"f2790389f68faa342843e6177cf1589b3785ef9100ae4edd681ed4dd145c010d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.161","next":"us-tx/tex.-business-organizations-code-21.163"},"notice":"GroundRules: Original legal text. Not legal advice."}