Legal Question in Business Law in Texas
Subsidiary
Can a subsidiary issue shares?
Asked on 6/21/05, 11:06 am
1 Answer from Attorneys
Charles White
Charles G. White
Re: Subsidiary
YOUR QUESTION: Can a subsidiary issue shares?
ANSWER: Assuming that the subsidiary is a corporation, the organization generally will not be considered completed until the shares are issued. Thus, the answer is "Yes."
Assuming that the subsidiary is an entity other than a corporation -- "Maybe" depending upon the entity and arrangements.
Answered on 6/21/05, 11:19 am
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