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Texas Statutes

Subchapter D

Shareholder Rights and Restrictions

200.151Registered Holders as Owners 200.152No Statutory Preemptive Right Unless Specifically Provided by Certificate of Formation 200.153Characterization and Transfer of Shares and Other Securities 200.154Restriction on Transfer of Shares and Other Securities 200.155Valid Restriction on Transfer 200.156Bylaw or Agreement Restricting Transfer of Shares or Other Securities 200.157Enforceability of Restriction on Transfer of Certain Securities 200.158Joint Ownership of Shares 200.159Liability for Designating Owner of Shares 200.160Liability Regarding Joint Ownership of Shares 200.161Limitation of Liability for Obligations 200.162Preemption of Liability 200.163Exceptions to Limitations 200.164Pledgees and Trust Administrators