Tex. Bus. Orgs. Code § 21.312 · Subchapter G. DISTRIBUTIONS AND SHARE DIVIDENDS
VALUE OF SHARES ISSUED AS SHARE DIVIDENDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A share dividend payable in authorized but unissued shares with par value shall be issued at the par value of the respective share.
(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.
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 e87c4a6f8c83fd5a8fae1486f95179ca5832a2ef4542428e1b1585b1f4ec7ea9
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 21.312. Each shows the citation as that text prints it.
Business Organizations Code
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