Texas Business & Commerce Code - Section 8.207. Rights And Duties Of Issuer With Respect To Registered Owners
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Texas Laws > Business & Commerce Code > Texas Business & Commerce Code - Section 8.207. Rights And Duties Of Issuer With Respect To Registered Owners
Section: 8.116 8.201 8.202 8.203 8.204 8.205 8.206 8.207 8.208 8.209 8.210 8.301 8.302 8.303 8.304
§ 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,
Last modified: August 11, 2007