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Tex. Insurance Code § 826.059

SUBSCRIPTION RIGHTS; TAX-QUALIFIED EMPLOYEE BENEFIT PLAN

Texas · Texas Insurance Code · Status: effective

Labor & EmploymentTaxation
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Tex. Insurance Code § 826.059, SUBSCRIPTION RIGHTS; TAX-QUALIFIED EMPLOYEE BENEFIT PLAN, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679164
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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.