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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business Organizations Code § 200.207: VALUE OF SHARES ISSUED AS SHARE DIVIDENDS.

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Where this section sits in the code
  1. BUSINESS ORGANIZATIONS CODE
  2. TITLE 5. REAL ESTATE INVESTMENT TRUSTS
  3. CHAPTER 200. REAL ESTATE INVESTMENT TRUSTS
  4. SUBCHAPTER E. DISTRIBUTIONS AND SHARE DIVIDENDS

(a) A share dividend payable in authorized but unissued shares with par value shall be issued at the par value of the shares.

(b) A share dividend payable in authorized but unissued shares without par value shall be issued at the value set by the trust managers when the share dividend is authorized.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Collected 2026-08-27T01:46:58Z. Source file · JSON

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