{"data":{"id":"us-tx/tex.-business-organizations-code-21.164","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.164","heading":"RIGHTS OF HOLDERS OF FRACTIONAL SHARES OR SCRIP.","body":"(a) A holder of a certificated or uncertificated fractional share is entitled to exercise voting rights, receive distributions, and make a claim with respect to the assets of the corporation in the event of winding up and termination.\n(b) A holder of a certificate for scrip is not entitled to exercise voting rights, receive distributions, or make a claim with respect to the assets of the corporation in the event of winding up and termination unless the scrip provides for those rights.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER D. SHARES, OPTIONS, AND CONVERTIBLE SECURITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.164","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"0d6c12c43f31c8b13db77b3c0ff10c42dcaafcb13ddd55f1ba5fbbaa42e3fbe1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.163","next":"us-tx/tex.-business-organizations-code-21.165"},"notice":"GroundRules: Original legal text. Not legal advice."}