{"data":{"id":"us-tx/tex.-business-organizations-code-21.310","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.310","heading":"AUTHORITY FOR SHARE DIVIDENDS.","body":"The board of directors of a corporation may authorize a share dividend and the corporation may pay a share dividend subject to Section 21.311 and any restriction in its certificate of formation.\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 G. DISTRIBUTIONS AND SHARE DIVIDENDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.310","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"2f25b9402cc629e26b709c97915cf18b3aaeafa5e75676e0249fa1421b766e65","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.309","next":"us-tx/tex.-business-organizations-code-21.311"},"notice":"GroundRules: Original legal text. Not legal advice."}