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.
Issuance of Shares Under Plan of Merger Or Conversion
Tex. Business Organizations Code § 21.158, under Chapter 21.
Tex. Business Organizations Code § 21.158