{"data":{"id":"us-tx/tex.-business-organizations-code-21.721","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.721","heading":"DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE.","body":"(a) Before the transfer of shares of a close corporation in which there is a shareholders' agreement, the transferor shall deliver a complete copy of the shareholders' agreement to the transferee.\n(b) If the transferor fails to deliver a complete copy of the shareholders' agreement:\n(1) the validity and enforceability of the shareholders' agreement against each shareholder of the corporation, including the transferee, is not affected;\n(2) the right, title, or interest of the transferee in the transferred shares is not adversely affected; and\n(3) the transferee is entitled to obtain on demand from the transferor or from the close corporation a complete copy of the shareholders' agreement at the transferor's expense.\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 O. CLOSE CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.721","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"61cd0952b87d742ebee6a183f35b6234fbe78a0db849e0fe40dd462057db5a10","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.720","next":"us-tx/tex.-business-organizations-code-21.722"},"notice":"GroundRules: Original legal text. Not legal advice."}