{"data":{"id":"us-tx/tex.-business-organizations-code-22.053","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 22.053","heading":"DIVIDENDS PROHIBITED.","body":"Except as provided by Section 22.054, a dividend may not be paid to, and no part of the income of a corporation may be distributed to, the corporation's members, directors, or officers.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 121 (S.B. 1233), Sec. 2, eff. May 23, 2015.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 22. NONPROFIT CORPORATIONS","SUBCHAPTER B. PURPOSES AND POWERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.22.htm#22.053","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"8f37239e36136dae55f6e49f47a929e65ceb3b57b3088dd539b53b07dc2b4119","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-22.052","next":"us-tx/tex.-business-organizations-code-22.054"},"notice":"GroundRules: Original legal text. Not legal advice."}