Sec. 21.721.  DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE.  (a)  Before the transfer of shares of a close corporation in which there is a shareholders' agreement, the transferor shall deliver a complete copy of the shareholders' agreement to the transferee.
(b)  If the transferor fails to deliver a complete copy of the shareholders' agreement:
(1)  the validity and enforceability of the shareholders' agreement against each shareholder of the corporation, including the transferee, is not affected;
(2)  the right, title, or interest of the transferee in the transferred shares is not adversely affected;  and
(3)  the transferee is entitled to obtain on demand from the transferor or from the close corporation a complete copy of the shareholders' agreement at the transferor's expense.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.