Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business & Commerce Code § 8.204: EFFECT OF ISSUER'S RESTRICTION ON TRANSFER.

Where this section sits in the code

BUSINESS AND COMMERCE CODE
TITLE 1. UNIFORM COMMERCIAL CODE
CHAPTER 8. INVESTMENT SECURITIES
SUBCHAPTER B. ISSUE AND ISSUER

A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless:

(1) the security is certificated and the restriction is noted conspicuously on the security certificate; or

(2) the security is uncertificated and the registered owner has been notified of the restriction.

Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.

Collected 2026-08-27T01:46:56Z. Source file · JSON

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