Tex. Business Organizations Code § 21.158
This is the official text of Tex. Business Organizations Code § 21.158, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.158. ISSUANCE OF SHARES UNDER PLAN OF MERGER OR CONVERSION.
Official statutory text
(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.
(b) A corporation may issue shares in the manner provided by and for consideration specified under a plan of merger or plan of conversion.
Status: in_force · Read it on the official government site
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