Texas Laws - Business and Commerce Code
BUSINESS AND COMMERCE CODE
TITLE 9. APPLICABILITY OF LAW TO COMMERCIAL TRANSACTIONS

(ii) any other matter relating to rights or obligations with respect to the entity's membership or ownership interests; and (10194)

(2) a transaction in which: (10195)

(A) all or part of the subject matter of the transaction is a loan or other extension of credit in which a party lends, advances, borrows, or receives, or is obligated to lend or advance or entitled to borrow or receive, money or credit with an aggregate value of at least $25 million; (10196)

(B) at least three financial institutions or other lenders or providers of credit are parties to the transaction; (10197)

(C) the particular jurisdiction is in the United States; and (10198)

(D) a party to the transaction has more than one place of business and has an office in that particular jurisdiction. (10199)

(c) If a transaction bears a reasonable relation to a particular jurisdiction at the time the parties enter into the transaction, the transaction shall continue to bear a reasonable relation to that jurisdiction regardless of: (10200)

(1) any subsequent change in facts or circumstances with respect to the transaction, the subject matter of the transaction, or any party to the transaction; or (10201)

(2) any modification, amendment, renewal, extension, or restatement of any agreement relating to the transaction. (10202)

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009. (10203)

Amended by: (10204)

Acts 2011, 82nd Leg., R.S., Ch. 132 (H.B. 2991), Sec. 1, eff. September 1, 2011. (10205)

Sec. 271.005. LAW GOVERNING ISSUE RELATING TO QUALIFIED TRANSACTION. (10206)(1-click HTML)
  

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