{"data":{"id":"us-tx/tex.-business-commerce-code-8.204","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 8.204","heading":"EFFECT OF ISSUER'S RESTRICTION ON TRANSFER.","body":"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:\n(1) the security is certificated and the restriction is noted conspicuously on the security certificate; or\n(2) the security is uncertificated and the registered owner has been notified of the restriction.\nAmended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 8. INVESTMENT SECURITIES","SUBCHAPTER B. ISSUE AND ISSUER"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.8.htm#8.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"0bcd8ba1767db57e81a559cf94ab547fb69bb88866b258fc9a324e783c140328","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-8.203","next":"us-tx/tex.-business-commerce-code-8.205"},"notice":"GroundRules: Original legal text. Not legal advice."}