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Texas Business & Commerce Code - Section 8.207. Rights And Duties Of Issuer With Respect To Registered Owners

Legal Research Home > Texas Laws > Business & Commerce Code > Texas Business & Commerce Code - Section 8.207. Rights And Duties Of Issuer With Respect To Registered Owners

§ 8.207. RIGHTS AND DUTIES OF ISSUER WITH RESPECT TO 
REGISTERED OWNERS.  (a) Before due presentment for registration of 
transfer of a certificated security in registered form or of an 
instruction requesting registration of transfer of an 
uncertificated security, the issuer or indenture trustee may treat 
the registered owner as the person exclusively entitled to vote, 
receive notifications, and otherwise exercise all the rights and 
powers of an owner.
	(b)  This chapter does not affect the liability of the 
registered owner of a security for a call, assessment, or the like.

Amended by Acts 1995, 74th Leg., ch. 962, § 1, eff. Sept. 1, 
1995.       

Last modified: August 11, 2007