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Tex. Bus. Orgs. Code § 10.252

NO APPROVAL REQUIRED FOR CERTAIN DISPOSITIONS OF PROPERTY

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

Except as otherwise provided by this code, the governing documents of the domestic entity, or specific limitations established by the governing authority, a sale, lease, assignment, conveyance, pledge, mortgage, deed of trust, trust indenture, or other transfer of an interest in real property or other property made by a domestic entity does not require the approval of the members or owners of the entity.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.