Tex. Business Organizations Code § 21.217
This is the official text of Tex. Business Organizations Code § 21.217, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.217. LIABILITY OF ASSIGNEE OR TRANSFEREE.
Official statutory text
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.
Status: in_force · Read it on the official government site
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