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Tex. Business Organizations Code § 200.207

VALUE OF SHARES ISSUED AS SHARE DIVIDENDS

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 200.207, VALUE OF SHARES ISSUED AS SHARE DIVIDENDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584258
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(a) A share dividend payable in authorized but unissued shares with par value shall be issued at the par value of the shares. (b) A share dividend payable in authorized but unissued shares without par value shall be issued at the value set by the trust managers when the share dividend is authorized.