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Tex. Business & Commerce Code § 8.204

EFFECT OF ISSUER'S RESTRICTION ON TRANSFER

Texas · Texas Business & Commerce Code · Status: effective

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Tex. Business & Commerce Code § 8.204, EFFECT OF ISSUER'S RESTRICTION ON TRANSFER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/630187
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A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless: (1) the security is certificated and the restriction is noted conspicuously on the security certificate; or (2) the security is uncertificated and the registered owner has been notified of the restriction.