Tex. Business Organizations Code § 10.054
This is the official text of Tex. Business Organizations Code § 10.054, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 10.054. EFFECTIVENESS OF EXCHANGE.
Official statutory text
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.
Status: in_force · Read it on the official government site
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