Tex. Bus. & Com. Code § 8.204

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 8.204 - Effect of Issuer's Restriction on Transfer

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.

Tex. Bus. and Comm. Code § 8.204

Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. 9/1/1995.