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21 St. Mary's L.J. 109 (1989-1990)
The New Texas Business Corporation Act Merger Provisions

handle is hein.journals/stmlj21 and id is 119 raw text is: THE NEW TEXAS BUSINESS CORPORATION ACT MERGER PROVISIONS CURTIS W. HUFF* I. Introduction .......................................... 110 II. General Statutory Framework ......................... 112 III. Mergers with Multiple Surviving Corporations ........ 114 A. General Information and Purpose of Statute ...... 114 B. Procedures for Effecting Mergers with Multiple Survivors or Divisions ............................ 117 C. Creditor's Rights in Mergers with Multiple Survivors ......................................... 122 1. General Background .......................... 122 2. UFTA, UFCA and Bankruptcy Code Protections ................................... 126 D. Current and Future Applications ................. 134 IV. Share Exchanges ...................................... 134 V. Mergers and Share Exchanges with Entities Other Than Business Corporations .......................... 139 VI. Changes in Voting Requirements for Mergers ......... 145 A. Elimination of Voting Rights of Nonvoting Shares in a M erger ...................................... 145 B. Elimination of Vote of Shareholders Where 20% or Less of Outstanding Participating and Voting Shares Are Issued in the Merger .................. 148 C. Increase by the Board of Directors of the Required Vote for a M erger ................................ 150 VII. Elimination of Dissenters' Rights for Certain Mergers . 150 VIII. Effective Time of Merger ............................. 154 IX. Approval of Board of Directors of Plan of Merger .... 155 X. Downstream Short-Form Mergers ..................... 156 * B.A., J.D., University of New Mexico; LL.M., New York University School of Law; Attorney at Law, Fulbright & Jaworski, Houston, Texas.

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