GroundRules
Tex. Business Organizations Code § 21.158: ISSUANCE OF SHARES UNDER PLAN OF MERGER OR CONVERSION.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 2. CORPORATIONS
- CHAPTER 21. FOR-PROFIT CORPORATIONS
- SUBCHAPTER D. SHARES, OPTIONS, AND CONVERTIBLE SECURITIES
(a) A converted corporation under a plan of conversion or a corporation created by a plan of merger may issue shares for consideration if authorized by the plan of conversion or plan of merger, as appropriate.
(b) A corporation may issue shares in the manner provided by and for consideration specified under a plan of merger or plan of conversion.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON