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Rule 641. Levy on Shares of Stock (1971)

TEXT

A levy upon shares of stock of any corporation or joint stock company for which a certificate is outstanding is made by the officer seizing and taking possession of such certificate. Provided, however, that nothing herein shall be construed as restricting any rights granted under Section 8.317 of the Texas Uniform Commercial Code.

Amended by order of July 21, 1970, eff. Jan. 1, 1971: The words "Section 8.317 of the Texas Uniform Commercial Code" have been substituted for references to Arts. 1358-13 and 1358-14, Vernon's Ann. Tex. Civ. Stat.