S.B. No. 1442 1 form of the converted entity without impairment or diminution 2 because of the conversion. 3 SECTION 18. Section 10.154, Business Organizations Code, is 4 amended byi adding Subsection (c) to read as follows: 5 (c) In addition to complying with the requirements of 6 Subsections (a) and (b), if Sections 10.1025 and 10. 109 apply to the 7 conversion, the certificate of conversion required by this section 8 must: 9 (1) be titled "Certificate of Conversion and 10 Continuance"; and 11 (2) include a statement certifying that the converting 12 entity is electing to continue its existence in its current 13 organizational form and jurisdiction of formation. 14 SECTION 19. Section 10.361, Business Organizations Code, is 15 amended by adding Subsection (g) to read as follows: 16 (q) The beneficial owner of an ownership interest subject to 17 dissenters' rights held in a voting trust or by a nominee on the 18 beneficial owner's behalf may file a petition described by 19 Subsection (a) if no agreement between the dissenting owner of the 20 ownership interest and the responsible organization has been 21 reached within the period prescribed by Section 10.358(d). When 22 the beneficial owner files a petition described by Subsection (a): 23 (1) the beneficial owner shall at that time be 24 considered, for purposes of this subchapter, the owner, the 25 dissenting owner, and the holder of the ownership interest subject 26 to the petition; and 27 (2) the dissenting owner who demanded payment under
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/m1/15/ocr/:
accessed March 29, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu;
crediting UNT Libraries Government Documents Department.