Amends Texas Business Organizations Code to address corporate mergers, interest exchanges, and defective corporate acts.

The bill amends the Texas Business Organizations Code to clarify the contents and effects of plans of merger and interest exchanges, and to establish rules for ratifying defective corporate acts. It specifies that documents related to these plans do not form part of the plans themselves but have the effects outlined in the plans. It also allows for the appointment of representatives in these plans.

Amends Texas Business Organizations Code to address corporate mergers, interest exchanges, and defective corporate acts.

The bill amends the Texas Business Organizations Code to clarify the contents and effects of plans of merger and interest exchanges, and to establish rules for ratifying defective corporate acts. It specifies that documents related to these plans do not form part of the plans themselves but have the effects outlined in the plans. It also allows for the appointment of representatives in these plans.