Rule 641.Levy on Shares of Stock
Last verified June 28, 2026
In one sentenceRule 641 provides that a levy on shares of stock of a corporation or joint-stock company for which a certificate is outstanding is made by the officer seizing and taking possession of the certificate.
Full Text of Rule 641
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.
End
Plain-English Summary
Rule 641 covers certificated shares. A levy on 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 the certificate that represents the shares.
Frequently Asked Questions
How do you levy on stock shares in Texas?
By seizing the outstanding certificate (Rule 641).
What if no certificate has been issued for the shares of stock in Texas?
Rule 641 covers seizing an outstanding certificate; uncertificated shares fall under other law, including the Texas Uniform Commercial Code provision the rule leaves untouched.
Does levying on a stock certificate affect other rights under the UCC?
No. Rule 641 states that the seizure doesn't restrict rights granted under Section 8.317 of the Texas Uniform Commercial Code.
Source & verification. Rule text and the official Notes and Comments are reproduced verbatim from the
Texas Rules of Civil Procedure (Tex. R. Civ. P. 641), published by the Texas Judicial Branch (txcourts.gov).
Promulgated by the Supreme Court of Texas. The plain-English summary is original and draws on official sources. Last verified June 28, 2026. ·
Official source
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