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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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