JD Supra posted about the availability of freeze-out mergers as a legal avenue for majority owners of private companies in Texas. The author noted that the freeze-out merger is a legal avenue that is “used with some regularity in Texas and is rarely disallowed by the governance documents of most companies.” According to the post, minority members who are being frozen out may be able to exercise their dissenter rights and receive “fair value for their interests.” We have previously posted about dissenter rights in Texas, and about appraisal in freeze-out mergers, where appraisal may be the only real avenue of recovery for an aggrieved investor.

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