Texas Business Organizations Code § 21.310 Authority For Share Dividends

Sec. 21.310. AUTHORITY FOR SHARE DIVIDENDS. 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.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Section: Previous  21.303  21.304  21.305  21.306  21.307  21.308  21.309  21.310  21.311  21.312  21.313  21.314  21.315  21.316  21.317  Next

Last modified: September 28, 2016