Tex. Bus. & Com. Code § 8.104 · Subchapter A. SHORT TITLE AND GENERAL MATTERS
ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person acquires a security or an interest therein under this chapter if:
(1) the person is a purchaser to whom a security is delivered pursuant to Section 8.301; or
(2) the person acquires a security entitlement to the security pursuant to Section 8.501.
(b) A person acquires a financial asset, other than a security, or an interest therein, under this chapter, if the person acquires a security entitlement to the financial asset.
(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Subchapter E, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in Section 8.503.
(d) Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to Subsection (a) or (b).
Notes and commentary — not statutory text
History
Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.8.htm
- Text hash
- sha256 41693a86ef05a3bc31be889d812905f7177b5abfeb059c8e179e8d89aac04d7f
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business & Commerce Code
- Tex. Bus. & Com. Code § 8.301DELIVERY.Printed as Section 8.301
- Tex. Bus. & Com. Code § 8.501SECURITIES ACCOUNT; ACQUISITION OF SECURITY ENTITLEMENT FROM SECURITIES INTERMEDIARY.Printed as Section 8.501
- Tex. Bus. & Com. Code § 8.503PROPERTY INTEREST OF ENTITLEMENT HOLDER IN FINANCIAL ASSET HELD BY SECURITIES INTERMEDIARY.Printed as Section 8.503
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.