Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 4001.063: NO PAR VALUE; PAR VALUE.

Where this section sits in the code

GOVERNMENT CODE
TITLE 12. SECURITIES ACT
CHAPTER 4001. GENERAL PROVISIONS
SUBCHAPTER B. DEFINITIONS

(a) "No par value" as applied to shares of stock or other securities means the securities are without a given or specified par value.

(b) For purposes of classifying or computing the par value of shares of stock or other securities of no par value, the amount for which the securities are sold or offered for sale to the public is used as a basis.

Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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