Tex. Gov't Code § 4005.006
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The exemption provided by Section 4005.001 applies to a distribution of securities by a corporation directly to the corporation's stockholders as a stock dividend or other distribution paid out of earnings or surplus. (V.A.C.S. Art. 581-5, Subsec. D.)
Tex. Gov't. Code § 4005.006