Tex. Bus. Orgs. Code § 21.217 · Subchapter E. SHAREHOLDER RIGHTS AND RESTRICTIONS
LIABILITY OF ASSIGNEE OR TRANSFEREE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm
- Text hash
- sha256 a2ee9bd5f5517d5289b4d16d0e8aaad38fac90e38439e857cc0ab4114c43414f
- 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
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.