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Tex. Business Organizations Code § 10.254

DISPOSITION OF PROPERTY NOT A MERGER OR CONVERSION; LIABILITY

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 10.254, DISPOSITION OF PROPERTY NOT A MERGER OR CONVERSION; LIABILITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/583262
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(a) A disposition of all or part of the property of a domestic entity, regardless of whether the disposition requires the approval of the entity's owners or members, is not a merger or conversion for any purpose. (b) Except as otherwise expressly provided by another statute, a person acquiring property described by this section may not be held responsible or liable for a liability or obligation of the transferring domestic entity that is not expressly assumed by the person.