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.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter D. Shares, Options, and Convertible Securities
Section 21.151. Number of Authorized Shares
Section 21.152. Classes and Series of Shares
Section 21.153. Designations, Preferences, Limitations, and Rights of a Class or Series
Section 21.154. Certain Optional Characteristics of Shares
Section 21.155. Series of Shares Established by Board of Directors
Section 21.156. Actions With Respect to Series of Shares
Section 21.157. Issuance of Shares
Section 21.158. Issuance of Shares Under Plan of Merger or Conversion
Section 21.159. Types of Consideration for Shares
Section 21.160. Determination of Consideration for Shares
Section 21.161. Amount of Consideration for Issuance of Certain Shares
Section 21.162. Value and Sufficiency of Consideration
Section 21.163. Issuance and Disposition of Fractional Shares or Scrip
Section 21.164. Rights of Holders of Fractional Shares or Scrip
Section 21.166. Preformation Subscription
Section 21.167. Commitment to Purchase Shares
Section 21.168. Stock Rights, Options, and Convertible Indebtedness
Section 21.169. Terms and Conditions of Rights and Options
Section 21.170. Consideration for Rights, Options, and Convertible Indebtedness
Section 21.171. Outstanding or Treasury Shares
Section 21.172. Expenses of Organization, Reorganization, and Financing of Corporation