Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter G. Distributions and Share Dividends

Section 21.301. Definitions - Sec. 21.301. DEFINITIONS. In this subchapter: (1) "Distribution limit," with...

Section 21.302. Authority for Distributions - Sec. 21.302. AUTHORITY FOR DISTRIBUTIONS. (a) The board of directors...

Section 21.303. Limitations on Distributions - Sec. 21.303. LIMITATIONS ON DISTRIBUTIONS. (a) A corporation may not...

Section 21.304. Redemptions - Sec. 21.304. REDEMPTIONS. (a) A distribution by a corporation that...

Section 21.305. Notice of Redemption - Sec. 21.305. NOTICE OF REDEMPTION. (a) A notice of redemption...

Section 21.306. Deposit of Money for Redemption - Sec. 21.306. DEPOSIT OF MONEY FOR REDEMPTION. (a) After the...

Section 21.307. Payment of Redeemed Shares - Sec. 21.307. PAYMENT OF REDEEMED SHARES. (a) Payment of a...

Section 21.308. Priority of Distributions - Sec. 21.308. PRIORITY OF DISTRIBUTIONS. (a) Except as provided by...

Section 21.309. Reserves, Designations, and Allocations From Surplus - Sec. 21.309. RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS. (a) A...

Section 21.310. Authority for Share Dividends - Sec. 21.310. AUTHORITY FOR SHARE DIVIDENDS. The board of directors...

Section 21.311. Limitations on Share Dividends - Sec. 21.311. LIMITATIONS ON SHARE DIVIDENDS. A corporation may not...

Section 21.312. Value of Shares Issued as Share Dividends - Sec. 21.312. VALUE OF SHARES ISSUED AS SHARE DIVIDENDS. (a)...

Section 21.313. Transfer of Surplus for Share Dividends - Sec. 21.313. TRANSFER OF SURPLUS FOR SHARE DIVIDENDS. (a) When...

Section 21.314. Determination of Solvency, Net Assets, Stated Capital, and Surplus - Sec. 21.314. DETERMINATION OF SOLVENCY, NET ASSETS, STATED CAPITAL, AND...

Section 21.315. Date of Determination of Solvency, Net Assets, Stated Capital, and Surplus - Sec. 21.315. DATE OF DETERMINATION OF SOLVENCY, NET ASSETS, STATED...

Section 21.316. Liability of Directors for Wrongful Distributions - Sec. 21.316. LIABILITY OF DIRECTORS FOR WRONGFUL DISTRIBUTIONS. (a) Subject...

Section 21.317. Statute of Limitations on Action for Wrongful Distribution - Sec. 21.317. STATUTE OF LIMITATIONS ON ACTION FOR WRONGFUL DISTRIBUTION....

Section 21.318. Contribution From Certain Shareholders and Directors - Sec. 21.318. CONTRIBUTION FROM CERTAIN SHAREHOLDERS AND DIRECTORS. (a) A...