000415 S.B. No. 1442 1 (D) taking an action necessary to preserve and 2 protect the interest of the mortgagee in the security; or 3 (E) engaging in any combination of transactions 4 described by this subdivision; 5 (13) investing in or acquiring, in a transaction 6 outside of this state, a royalty or other nonoperating mineral 7 interest; ([e] 8 (14) executing [th: )wmuti oee -l a division order, 9 contract of sale, or other instrument incidental to ownership of a 10 nonoperating mineral interest; or 11 (15) owning, without more, real or personal property 12 in this state. 13 SECTION 15. Subchapter C, Chapter 10, Business 14 Organizations Code, is amended by adding Section 10.1025 to read as 15 follows: 16 Sec. 10.1025. CONVERSION AND: CONTINUANCE. (a) A 17 converting entity may elect to continue its existence in its 18 current organizational form and jurisdiction of formation in 19 connection with the entity's: 20 (1) conversion under Section 10.101 as a domestic 21 entity of one organizational form into a non-United States entity 22 of the same organizational form; or 23 ! (2) conversion under Section 10.102 as a non-United 24 States entity of one organizational form into a domestic entity of 25 the same rganizational form. 26 (b) The election permitted by Subsection (a) for the 27 converting entity to continue its existence in its current
Reference the current page of this Legislative Document.
Texas. Legislature. Senate.81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84,
legislative document,
May 20, 2009;
[Austin, Texas].
(https://texashistory.unt.edu/ark:/67531/metapth310916/m1/11/ocr/:
accessed April 25, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu;
crediting UNT Libraries Government Documents Department.