Tex. Business Organizations Code § 21.207
This is the official text of Tex. Business Organizations Code § 21.207, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.207. DISPOSITION OF SHARES HAVING PREEMPTIVE RIGHTS.
Official statutory text
The transferee or successor of a share that has been transferred or otherwise disposed of by a shareholder of a corporation whose preemptive right to acquire shares in the corporation has been violated does not acquire the preemptive right, or any right or claim based on the violation, unless the previous shareholder has assigned the preemptive right to the transferee or successor.
Status: in_force · Read it on the official government site
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