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Tex. Bus. Orgs. Code § 21.158

ISSUANCE OF SHARES UNDER PLAN OF MERGER OR CONVERSION

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.