Tex.
Bus. & Com. Code Section 8.201
Issuer
(a)
With respect to an obligation on or a defense to a security, “issuer” includes a person that:(1)
places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation, or other interest in its property or in an enterprise or to evidence its duty to perform an obligation represented by the certificate;(2)
creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;(3)
directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or(4)
becomes responsible for, or in place of, another person described as an issuer in this section.(b)
With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.(c)
With respect to a registration of a transfer, “issuer” means a person on whose behalf transfer books are maintained.
Source:
Section 8.201 — Issuer, https://statutes.capitol.texas.gov/Docs/BC/htm/BC.8.htm#8.201 (accessed Jun. 5, 2024).
