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March 25, 2019cbmattick

Legal Opinions Resources

The Legal Opinions Committee of the Section has been working with the Legal Opinions Committee of the ABA's Business Law Section and the World Group on Legal Opinions Foundation to craft a Statement of Opinion Practices to be used by practitioners who regularly give legal opinions about various subjects to their clients. You can find the Statement of Opinion Practices, the related Core Opinion Principles and an Explanatory Note in our Legal Opinions Committee page. Click here to see the materials:
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April 29, 201919652500

Statement of Opinion Practices

The Legal Opinions Committee of the ABA’s Business Law Section and the Working Group on Legal Opinions Foundation, through a Joint Committee of bar group representatives and other opinion practitioners, have sponsored a project to prepare a Statement of Opinion Practices that establishes a national basis for the preparation and understanding of third-party legal opinion letters. Representatives of the Texas Business Law Section’s Legal Opinions Committee have participated in this project. The Statement has been approved by numerous bar groups, including the Texas Business Law Section. In addition to the Statement, the Joint Committee has also published an Explanatory Note and the Core Opinion Principles, both of which have been posted on this website.
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April 29, 201919652500

Core Opinion Principles

The Core Opinion Principles are drawn from the Statement of Opinion Practices. The Core Opinion Principles are designed for use by opinion givers who wish to incorporate or attach to their opinion letters a more concise statement of some of the opinion principles included in the Statement.
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March 28, 2026David R. Keyes, Gail Merel

Supplement No. 2 to the Report of the Legal Opinions Committee Regarding Legal Opinions in Business Transactions

Since publication of the Business Law Section’s Report of the Legal Opinions Committee Regarding Legal Opinions in Business Transactions (June 1, 1992), by the Legal Opinions Committee of the Business Law Section (the “Committee”) of the State Bar of Texas, Articles 8 and 9 of the Texas Uniform Commercial Code (the “Texas UCC”), which deal with security interests in securities and other types of investment property, were amended effective September 1, 1995. The 1995 amendments introduced a number of new defined terms including the following new definition of investment property
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