Texas Business Organizations Code - BUS ORG § 21.158. Issuance of Shares Under Plan of Merger or Conversion

(a) A converted corporation under a plan of conversion or a corporation created by a plan of merger may issue shares for consideration if authorized by the plan of conversion or plan of merger, as appropriate.

(b) A corporation may issue shares in the manner provided by and for consideration specified under a plan of merger or plan of conversion.