LIABILITY REGARDING JOINT OWNERSHIP OF SHARES.

Tex. BUS. ORGS Code § 200.160.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A real estate investment trust that transfers shares or makes a distribution to a surviving joint owner under Section 200.158 before the real estate investment trust has received a written claim for the shares or distribution from another person is discharged from liability for the transfer or payment.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

Starting a business in Texas? Texas LLC guide: costs and requirements