Texas Statutes
§ 829.054 — SUBSCRIPTION RIGHTS; TAX-QUALIFIED EMPLOYEE BENEFIT PLAN.
Texas § 829.054
JurisdictionTexas
Code INInsurance Code
This text of Texas § 829.054 (SUBSCRIPTION RIGHTS; TAX-QUALIFIED EMPLOYEE BENEFIT PLAN.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 829.054 (2026).
Text
Sec. 829.054. SUBSCRIPTION RIGHTS; TAX-QUALIFIED EMPLOYEE BENEFIT PLAN. The conversion plan may allocate to a tax-qualified employee benefit plan nontransferable subscription rights to purchase not more than 10 percent of the capital stock of the resulting company.
SUBCHAPTER C. PLAN ADOPTION AND APPROVAL
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Legislative History
Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056 ), Sec. 1, eff. June 15, 2007.
Nearby Sections
15
§ 829.001
DEFINITIONS.§ 829.005
CONFLICT OF INTEREST.§ 829.006
LIMITATION ON ACTIONS.§ 829.007
SALE OF SECURITIES.§ 829.053
DIRECTORS AND OFFICERS.§ 829.101
PLAN ADOPTION.§ 829.102
AMENDMENTS; WITHDRAWAL OF PLAN.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 829.054, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/829.054.