{"data":{"id":"us-tx/tex.-government-code-4001.063","jurisdiction":"us-tx","citation":"Tex. Government Code § 4001.063","heading":"NO PAR VALUE; PAR VALUE.","body":"(a) \"No par value\" as applied to shares of stock or other securities means the securities are without a given or specified par value.\n(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.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.","path":["GOVERNMENT CODE","TITLE 12. SECURITIES ACT","CHAPTER 4001. GENERAL PROVISIONS","SUBCHAPTER B. DEFINITIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4001.htm#4001.063","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"db7f6a4eccb3deee74c73dfe6d1c2ddc9a2fa3a746ae0a98776b22a4a0ccb6cf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4001.062","next":"us-tx/tex.-government-code-4001.064"},"notice":"GroundRules: Original legal text. Not legal advice."}