Tex. Bus. & Com. Code § 8.305 · Subchapter C. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
INSTRUCTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.
(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Section 8.108 and not an obligation that the security will be honored by the issuer.
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 eb3ab336faf2600deb2d1c247f0b18c08a524b3b608d3d1a39112523a12368d4
- 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
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Business & Commerce Code
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