Business Organizations Code § 21.164
Holders of fractional shares may exercise voting rights, receive distributions, and make claims on corporate assets when the corporation winds up and terminates; holders of scrip do not have those rights unless the scrip says they do.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
fractional shares scrip shareholder rights
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Business Organizations Code § 21.164
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