Tex. Business & Commerce Code § 254.001
This is the official text of Tex. Business & Commerce Code § 254.001, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 254.001. IDENTIFICATION OF PATENT RIGHT.
Official statutory text
(a) A note or lien evidencing or securing the purchase price for a patent right or patent right territory must contain on the face of the note or lien a statement that the note or lien was given for a patent right or patent right territory.
(b) The statement required by Subsection (a):
(1) is notice to a subsequent purchaser of the note or lien of all equities between the original parties to the note or lien; and
(2) subjects a subsequent holder of the note or lien to all defenses available against the original parties to the note or lien.
(b) The statement required by Subsection (a):
(1) is notice to a subsequent purchaser of the note or lien of all equities between the original parties to the note or lien; and
(2) subjects a subsequent holder of the note or lien to all defenses available against the original parties to the note or lien.
Status: in_force · Read it on the official government site
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