{"data":{"id":"us-tx/tex.-agriculture-code-54.011","jurisdiction":"us-tx","citation":"Tex. Agriculture Code § 54.011","heading":"REPURCHASE OF STOCK.","body":"(a) A corporation formed under this chapter may purchase, out of its available funds, any of its outstanding stock.\n(b) The corporation shall pay book value for stock purchased under this section, as conclusively determined by the corporation's directors.\n(c) A corporation formed under this chapter shall state the provisions of Subsections (a) and (b) of this section in its articles of incorporation.\nActs 1981, 67th Leg., p. 1121, ch. 388, Sec. 1, eff. Sept. 1, 1981.","path":["AGRICULTURE CODE","TITLE 4. AGRICULTURAL ORGANIZATIONS","CHAPTER 54. MUTUAL LOAN CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/AG/htm/AG.54.htm#54.011","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:50Z","sha256":"6080932afcb72b1d5d862efc439d6bb230540ea48f58408a291b3243ede1c19a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-agriculture-code-54.010","next":"us-tx/tex.-agriculture-code-54.012"},"notice":"GroundRules: Original legal text. Not legal advice."}