{"data":{"id":"us-tx/tex.-business-organizations-code-21.210","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.210","heading":"RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES.","body":"(a) A restriction on the transfer or registration of transfer of a security, or on the amount of a corporation's securities that may be owned by a person or group of persons, may be imposed by:\n(1) the corporation's certificate of formation;\n(2) the corporation's bylaws;\n(3) a written agreement among two or more holders of the securities; or\n(4) a written agreement among one or more holders of the securities and the corporation if:\n(A) the corporation files a copy of the agreement at the principal place of business or registered office of the corporation; and\n(B) the copy of the agreement is subject to the same right of examination by a shareholder of the corporation, in person or by agent, attorney, or accountant, as the books and records of the corporation.\n(b) A restriction imposed under Subsection (a) is not valid with respect to a security issued before the restriction has been adopted, unless the holder of the security voted in favor of the restriction or is a party to the agreement imposing the restriction.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 48, eff. January 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER E. SHAREHOLDER RIGHTS AND RESTRICTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.210","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"457615c98eb6e0bf8fe4cfa54cbb183803b46432879252b7170c083abdcc77b9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.209","next":"us-tx/tex.-business-organizations-code-21.211"},"notice":"GroundRules: Original legal text. Not legal advice."}