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.
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