{"data":{"id":"us-tx/tex.-business-organizations-code-21.161","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.161","heading":"AMOUNT OF CONSIDERATION FOR ISSUANCE OF CERTAIN SHARES.","body":"(a) Consideration to be received by a corporation for the issuance of shares with par value may not be less than the par value of the shares.\n(b) The part of the surplus of a corporation that is transferred to stated capital on the issuance of shares as a share distribution is considered to be the consideration for the issuance of those shares.\n(c) The consideration received by a corporation for the issuance of shares on the conversion or exchange of its indebtedness or shares is:\n(1) the principal of, and accrued interest on, the indebtedness exchanged or converted, or the stated capital on the issuance of the shares;\n(2) the part of surplus, if any, transferred to stated capital on the issuance of the shares; and\n(3) any additional consideration paid to the corporation on the issuance of the shares.\n(d) The consideration received by a corporation for the issuance of shares on the exercise of rights or options is:\n(1) any consideration received by the corporation for the rights or options; and\n(2) any consideration received by the corporation for the issuance of shares on the exercise of the rights or options.\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#21.161","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"5eed4948b185c16af7a022d2a32b3b2dba0dd6a76034187840c4a6c14a06c269","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.160","next":"us-tx/tex.-business-organizations-code-21.162"},"notice":"GroundRules: Original legal text. Not legal advice."}