GroundRules
← Search the law
Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business Organizations Code § 21.310: AUTHORITY FOR SHARE DIVIDENDS.

Read at publisher ↗
Where this section sits in the code
  1. BUSINESS ORGANIZATIONS CODE
  2. TITLE 2. CORPORATIONS
  3. CHAPTER 21. FOR-PROFIT CORPORATIONS
  4. SUBCHAPTER G. DISTRIBUTIONS AND SHARE DIVIDENDS

The board of directors of a corporation may authorize a share dividend and the corporation may pay a share dividend subject to Section 21.311 and any restriction in its certificate of formation.

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

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

Browse this collection