Sec. 823.202. CONSIDERATION FOR ACQUISITION

Latest version.

(a) A statement required under Section 823.154 must contain:
(1) the source, nature, and amount of consideration for the acquisition of control;
(2) a description of any transaction from which the consideration for the acquisition of control is obtained; and
(3) the identity of each person providing the consideration.
(b) On request of the person filing the statement, the identity of a commercial lender who in the ordinary course of business provides consideration for the acquisition is confidential.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

                    
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