Section 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.Tex. Bus. Org. Code § 21.158
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.