Texas § IN.826.005 - CORPORATE EXISTENCE
Full text of Texas The Texas Constitution § IN.826.005 — CORPORATE EXISTENCE, with citation guidance and answers to common questions.
§ IN.826.005. CORPORATE EXISTENCE
CORPORATE EXISTENCE. (a) On the effective date of a conversion under this chapter: (1) the corporate existence of the converting company continues in the resulting company; (2) all assets, rights, franchises, and interests of the converting company in and to property and any accompanying thing in action are vested in the resulting company without a deed or transfer; and (3) the resulting company assumes all the obligations and liabilities of the converting company. (b) Except as otherwise specified by the conversion plan, the directors and officers of the converting company serving on the effective date of the conversion serve as directors and officers of the resulting company until new directors and officers are elected under the articles of incorporation and bylaws of the resulting company. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER B. CONVERSION PLAN ADOPTION AND REQUIREMENTS
Frequently Asked Questions About Texas § IN.826.005
What does The Texas Constitution § IN.826.005 cover?
Section IN.826.005 ("CORPORATE EXISTENCE") 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 § IN.826.005?
A common citation format is "The Texas Constitution § IN.826.005" (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 § IN.826.005 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.