Texas § IN.826.053 - SALE OF CAPITAL STOCK
Full text of Texas The Texas Constitution § IN.826.053 — SALE OF CAPITAL STOCK, with citation guidance and answers to common questions.
§ IN.826.053. SALE OF CAPITAL STOCK
SALE OF CAPITAL STOCK. A conversion plan must provide that shares of capital stock of the resulting company shall be sold in a private placement, public offering, or an alternative method approved by the commissioner unless the shares are: (1) sold or distributed to a holder of surplus notes of the converting company; or (2) subscribed to by: (A) a tax-qualified employee benefit plan under Section 826.059 ; (B) a director or officer under Section 826.056 (b); or (C) an eligible member exercising subscription rights under Section 826.058 . Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.826.053
What does The Texas Constitution § IN.826.053 cover?
Section IN.826.053 ("SALE OF CAPITAL STOCK") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.826.053?
A common citation format is "The Texas Constitution § IN.826.053" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.826.053 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.