Tex. Bus. Orgs. Code § 21.172 · Subchapter D. SHARES, OPTIONS, AND CONVERTIBLE SECURITIES
EXPENSES OF ORGANIZATION, REORGANIZATION, AND FINANCING OF CORPORATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm
- Text hash
- sha256 ebc6913f3795ee5e09a4d2ac4c3a33bf3b08f6827e84e4914e415d777af52d16
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.