In Sections 21.203-21.208, "shares" includes a security:
(1) that is convertible into shares; or
(2) that carries a right to subscribe for or acquire shares.
Tex. Bus. Orgs. Code § 21.202
DEFINITION OF SHARES
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.