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Tex. Business Organizations Code § 21.216

LIABILITY REGARDING JOINT OWNERSHIP OF SHARES

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 21.216, LIABILITY REGARDING JOINT OWNERSHIP OF SHARES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/583465
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A corporation that transfers shares or makes a distribution to a surviving joint owner under Section 21.214 before the corporation has received a written claim for the shares or distribution from another person is discharged from liability for the transfer or payment.