Texas Business & Commerce Code
§ 8.110 — APPLICABILITY; CHOICE OF LAW
BC § 8.110Title 1. UNIFORM COMMERCIAL CODE · Ch. 8. INVESTMENT SECURITIES · Art. A. SHORT TITLE AND GENERAL MATTERS
Statute text
View on source(a)The local law of the issuer's jurisdiction, as specified in Subsection (d), governs:
(1)the validity of a security;
(2)the rights and duties of the issuer with respect to registration of transfer;
(3)the effectiveness of registration of transfer by the issuer;
(4)whether the issuer owes any duties to an adverse claimant to a security; and
(5)whether an adverse claim can be asserted against a person to whom transfer of a certificated or uncertificated security is registered or a person who obtains control of an uncertificated security.
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Legislative history
Acts 2025, 89th Leg., R.S., Ch. 311 (S.B. 1239), Sec. 1, eff. September 1, 2025.