{"data":{"id":"us-tx/tex.-business-organizations-code-21.217","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.217","heading":"LIABILITY OF ASSIGNEE OR TRANSFEREE.","body":"An assignee or transferee of certificated shares, uncertificated shares, or a subscription for shares in good faith and without knowledge that full consideration for the shares or subscription has not been paid may not be held personally liable to the corporation or a creditor of the corporation for an unpaid portion of the consideration.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 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#21.217","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"fc7a7d3b882f4c4322d4029d152ec000b295ec9692f6cd3ceb6044dc3d6793fb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.216","next":"us-tx/tex.-business-organizations-code-21.218"},"notice":"GroundRules: Original legal text. Not legal advice."}