NO PROPERTY RIGHT IN CERTIFICATE OF FORMATION.

Tex. BUS. ORGS Code § 21.051.
in effect
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A shareholder of a corporation does not have a vested property right resulting from the certificate of formation, including a provision in the certificate of formation relating to the management, control, capital structure, dividend entitlement, purpose, or duration of the corporation.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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