Tex. Bus. Orgs. Code § 21.310 · Subchapter G. DISTRIBUTIONS AND SHARE DIVIDENDS
AUTHORITY FOR SHARE DIVIDENDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
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 620e1ff29ce661a658abf01d4707e27ea6a741b4ed853fa49e0586758bcc35e5
- 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
This section cites
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Business Organizations Code
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