Tex. Business Organizations Code § 21.215
This is the official text of Tex. Business Organizations Code § 21.215, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.215. LIABILITY FOR DESIGNATING OWNER OF SHARES.
Official statutory text
A corporation or an officer, director, employee, or agent of the corporation may not be held liable for considering the person who is registered as the owner of a share in the share transfer records of the corporation at a particular time to be the owner of the share at that time for a purpose described by Section 21.201, regardless of whether the person possesses a certificate for that share.
Status: in_force · Read it on the official government site
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