Legal Research Home > Texas Lawyer > Business Corporation Act > Texas Business Corporation Act - Article 2.38-2. Split-Up Or Division Without Stated Capital Increase


Art. 2.38-2. Split-Up or Division Without Stated Capital Increase             

A split-up or division of the issued shares of any class of a 
corporation into a greater number of shares of the same class 
without increasing the stated capital of the corporation does not 
constitute a share dividend or a distribution.

Added by Acts 1987, 70th Leg., ch. 93, Sec. 16, eff. Aug. 31, 1987.

Article: Previous 2.34 2.35 2.35-1 2.36 2.37 2.38 2.38-1 2.38-2 2.38-3 2.38-4 2.41 2.42 2.43 2.44 3.01 Next

Last modified: August 10, 2007