This section defines key terms related to business organizations in Texas, specifically 'Treasurer' and 'Uncertificated ownership interest'. It clarifies who can serve as a treasurer and how ownership interests can be transferred without physical certificates.
Defines 'Treasurer' as per entity's governing documents.
Allows for ownership interests to be uncertificated.
Specifies transfer methods for uncertificated ownership interests.
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In simple terms: Learn about Texas's DEFINITIONS. In this code: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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