{"data":{"id":"us-tx/tex.-business-organizations-code-21.172","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.172","heading":"EXPENSES OF ORGANIZATION, REORGANIZATION, AND FINANCING OF CORPORATION.","body":"A corporation may pay or authorize to be paid from the consideration received by the corporation as payment for the corporation's shares the reasonable charges and expenses of the organization or reorganization of the corporation and the sale or underwriting of the shares without rendering the shares not fully paid and nonassessable.\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#21.172","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"6a29d4a95d14ec7f2940ad149915a122fee895828883a0c3aa96b534aa105cd7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.171","next":"us-tx/tex.-business-organizations-code-21.173"},"notice":"GroundRules: Original legal text. Not legal advice."}