{"data":{"id":"us-tx/tex.-business-organizations-code-21.312","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.312","heading":"VALUE OF SHARES ISSUED AS SHARE DIVIDENDS.","body":"(a) A share dividend payable in authorized but unissued shares with par value shall be issued at the par value of the respective share.\n(b) A share dividend payable in authorized but unissued shares without par value shall be issued at the value set by the board of directors when the share dividend is authorized.\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#21.312","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"21b8e26f8ae8d5d6285b28e8145a1e677c62ad9f867903def2871bf8c0bc1b32","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.311","next":"us-tx/tex.-business-organizations-code-21.313"},"notice":"GroundRules: Original legal text. Not legal advice."}