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Certificate for a share in Kennet and Avon Canal Navigation, Great Britain, 1808. In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of shares (or, under Article 8 of the Uniform Commercial Code in the United States, a ...
Share transmission is a mechanism by which the title to shares is devolved other than by transfer. This is typically applicable for: devolution by death; succession; inheritance; bankruptcy; marriage; When a previous owner of shares dies and his shares are inherited by his personal representatives or heirs, this is called transmission of shares.
The legislature decided in 1853 that all railroads operating in Texas should be headquartered in the state, and that was included in the 1876 constitution as section 3 of Article X. When outside companies began acquiring control of Texas railroads in the 1880s, they were required to retain the Texas corporations.
The Constitution of Texas is the foremost source of state law. Legislation is enacted by the Texas Legislature, published in the General and Special Laws, and codified in the Texas Statutes. State agencies publish regulations (sometimes called administrative law) in the Texas Register, which are in turn codified in the Texas Administrative Code.
For such items, possession is the simplest indication of title, unless the circumstances give rise to suspicion about the possessor's ownership of the item. Proof of legal acquisition, such as a bill of sale or purchase receipt, is contributory. The transfer of possession to a good faith purchaser will normally convey title if no document is ...
A fraudulent transfer is an illegal attempt to avoid paying a debt by transferring money to another person or entity. Critics have argued that a Texas divisive merger meets the definition of a fraudulent transfer when done in preparation for bankruptcy, because the divisive merger causes the spin-off to become insolvent (unable to pay its debts ...
This means that dueling is still legal according the Texas penal code. The law states that any two individuals who feel the need to fight can agree to mutual combat through a signed, verbal or ...
There are a number of reasons why the shareholders may wish to supplement (or supersede) the constitutional documents of the company in this way: a company's constitutional documents are normally available for public inspection, whereas the terms of a shareholders' agreement, as a private law contract, are normally confidential between the parties.