7 Tex. Admin. Code § 109.12
Current through Reg. 49, No. 50; December 13, 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.
7 Tex. Admin. Code § 109.12