Advanced Search

Rule §109.12 Stock Dividends

Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
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.

Source Note: The provisions of this §109.12 adopted to be effective September 6, 1979, 4 TexReg 3015.