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Tex. Bus. Orgs. Code § 10.357

WITHDRAWAL OF DEMAND FOR FAIR VALUE OF OWNERSHIP INTEREST

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

(a) An owner may withdraw a demand for the payment of the fair value of an ownership interest made under Section 10.356 before:

(1) payment for the ownership interest has been made under Sections 10.358 and 10.361; or

(2) a petition has been filed under Section 10.361.

(b) Unless the responsible organization consents to the withdrawal of the demand, an owner may not withdraw a demand for payment under Subsection (a) after either of the events specified in Subsections (a)(1) and (2).

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