Tex. Ins. Code Section 829.054
Subscription Rights; Tax-qualified Employee Benefit Plan


The conversion plan may allocate to a tax-qualified employee benefit plan nontransferable subscription rights to purchase not more than 10 percent of the capital stock of the resulting company.
Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.

Source: Section 829.054 — Subscription Rights; Tax-qualified Employee Benefit Plan, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­829.­htm#829.­054 (accessed May 11, 2024).

Accessed:
May 11, 2024

§ 829.054’s source at texas​.gov