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Texas Business Organizations Code

§ 3.203 — SIGNATURE REQUIREMENT

BO § 3.203Title 1. GENERAL PROVISIONS · Ch. 3. FORMATION AND GOVERNANCE · Art. E. CERTIFICATES REPRESENTING OWNERSHIP INTEREST

Statute text

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(a)A certificate representing an ownership interest in a domestic entity must contain the signature or signatures of each managerial official of the entity that is authorized by the governing documents of the entity to sign certificated ownership interests of the entity.
(b)A certificated ownership interest that contains the signature of a person who is no longer a managerial official of a domestic entity when the certificate is issued may be issued by the entity in the same manner and with the same effect as if the person had remained a managerial official. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by:

Legislative history

Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514), Sec. 4, eff. September 1, 2023.

Source: Texas Business Organizations Code § 3.203 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.