Texas Business Organizations Code

Sec. § 21.158
Issuance of Shares Under Plan of Merger or Conversion


(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.
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Last accessed
Jun. 7, 2021