Tex. Gov't Code § 4001.063 · Subchapter B. DEFINITIONS
NO PAR VALUE; PAR VALUE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) "No par value" as applied to shares of stock or other securities means the securities are without a given or specified par value.
(b) For purposes of classifying or computing the par value of shares of stock or other securities of no par value, the amount for which the securities are sold or offered for sale to the public is used as a basis.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4001.htm
- Text hash
- sha256 48030ae91d3934251b72485c3a3d6b96736f2935d6f2e434b589bb9a033c71f2
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.