Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 7 - STATE SECURITIES BOARD
Chapter 109 - TRANSACTIONS EXEMPT FROM REGISTRATION
Section 109.12 - Stock Dividends
Universal Citation: 7 TX Admin Code ยง 109.12
Current through Reg. 49, No. 12; March 22, 2024
The distribution by a corporation of securities direct to its stockholders as a stock dividend or other distribution paid out of earnings or surplus includes a stock dividend, stock split, reverse stock split, or other distribution out of paid-in capital (capital in excess of legal capital) or retained earnings.
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