Tex. Bus. Org. Code § 200.207

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 200.207 - Value of Shares Issued As Share Dividends

(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.

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