Tex. Bus. & Com. Code § 254.001 · Chapter 254. NOTE OR LIEN IDENTIFYING A PATENT RIGHT
IDENTIFICATION OF PATENT RIGHT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
(b) The statement required by Subsection (a):
(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
(2) subjects a subsequent holder of the note or lien to all defenses available against the original parties to the note or lien.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.254.htm
- Text hash
- sha256 ea7d2b5a4c8de59dd2257a86c46770353fc58cfb20530b47f88b378368e72785
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Bus. & Com. Code § 254.001. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.