Texas Business Organizations Code 10.368 – Exclusivity of Remedy of Dissent and Appraisal
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Terms Used In Texas Business Organizations Code 10.368
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Fraud: Intentional deception resulting in injury to another.
- Ownership interest: means an owner's interest in an entity. See Texas Business Organizations Code 1.002
In the absence of fraud in the transaction, any right of an owner of an ownership interest to dissent from an action and obtain the fair value of the ownership interest under this subchapter is the exclusive remedy for recovery of:
(1) the value of the ownership interest; or
(2) money damages to the owner with respect to the action.