{"data":{"id":"us-tx/tex.-business-organizations-code-21.159","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.159","heading":"TYPES OF CONSIDERATION FOR SHARES.","body":"Shares with or without par value may be issued for the following types of consideration:\n(1) a tangible or intangible benefit to the corporation;\n(2) cash;\n(3) a promissory note;\n(4) services performed or a contract for services to be performed;\n(5) a security of the corporation or any other organization; and\n(6) any other property of any kind or nature.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER D. SHARES, OPTIONS, AND CONVERTIBLE SECURITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.159","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"f044c80d015db107e11956bf69a289d99b9525f15ddf0c5e3851a4128b512a17","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.158","next":"us-tx/tex.-business-organizations-code-21.160"},"notice":"GroundRules: Original legal text. Not legal advice."}