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

Tex. Business Organizations Code § 21.312: VALUE OF SHARES ISSUED AS 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

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

(b) A share dividend payable in authorized but unissued shares without par value shall be issued at the value set by the board of directors 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

Browse this collection