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Texas Business Organizations Code - Section 200.109. Liability Of Assignee Or Transferee

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 200.109. Liability Of Assignee Or Transferee

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§ 200.109. LIABILITY OF ASSIGNEE OR TRANSFEREE. 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 real estate investment trust or a creditor of the real estate investment trust for an unpaid portion of the consideration. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007