Texas § BO.21.721 - DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE
Full text of Texas The Texas Constitution § BO.21.721 — DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE, with citation guidance and answers to common questions.
§ BO.21.721. DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE
DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE. (a) Before the transfer of shares of a close corporation in which there is a shareholders' agreement, the transferor shall deliver a complete copy of the shareholders' agreement to the transferee. (b) If the transferor fails to deliver a complete copy of the shareholders' agreement: (1) the validity and enforceability of the shareholders' agreement against each shareholder of the corporation, including the transferee, is not affected; (2) the right, title, or interest of the transferee in the transferred shares is not adversely affected; and (3) the transferee is entitled to obtain on demand from the transferor or from the close corporation a complete copy of the shareholders' agreement at the transferor's expense. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.21.721
What does The Texas Constitution § BO.21.721 cover?
Section BO.21.721 ("DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.21.721?
A common citation format is "The Texas Constitution § BO.21.721" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.21.721 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.