{"data":{"id":"us-tx/tex.-business-commerce-code-254.001","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 254.001","heading":"IDENTIFICATION OF PATENT RIGHT.","body":"(a) A note or lien evidencing or securing the purchase price for a patent right or patent right territory must contain on the face of the note or lien a statement that the note or lien was given for a patent right or patent right territory.\n(b) The statement required by Subsection (a):\n(1) is notice to a subsequent purchaser of the note or lien of all equities between the original parties to the note or lien; and\n(2) subjects a subsequent holder of the note or lien to all defenses available against the original parties to the note or lien.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 7. RECEIPTS, DOCUMENTS OF TITLE, AND OTHER INSTRUMENTS","CHAPTER 254. NOTE OR LIEN IDENTIFYING A PATENT RIGHT"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.254.htm#254.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"4d76911867b50d956640c87eb5ed95e35af0d6f7cd9120339a1db44e55cb495c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-253.001","next":"us-tx/tex.-business-commerce-code-254.002"},"notice":"GroundRules: Original legal text. Not legal advice."}