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Tex. Government Code § 4001.063

NO PAR VALUE; PAR VALUE

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 4001.063, NO PAR VALUE; PAR VALUE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/664708
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(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.