Sec. 21.216. LIABILITY REGARDING JOINT OWNERSHIP OF SHARES. A corporation that transfers shares or makes a distribution to a surviving joint owner under Section 21.214 before the corporation has received a written claim for the shares or distribution from another person is discharged from liability for the transfer or payment. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Liability Regarding Joint Ownership of Shares
Tex. Business Organizations Code § 21.216, under Chapter 21.
Tex. Business Organizations Code § 21.216