Texas § BO.21.305 - NOTICE OF REDEMPTION
Full text of Texas The Texas Constitution § BO.21.305 — NOTICE OF REDEMPTION, with citation guidance and answers to common questions.
§ BO.21.305. NOTICE OF REDEMPTION
NOTICE OF REDEMPTION. (a) A notice of redemption of redeemable shares of a corporation must state: (1) the class or series of shares or part of the class or series of shares to be redeemed; (2) the date set for redemption; (3) the redemptive price; and (4) the place at which the shareholders may obtain payment of the redemptive price. (b) The notice of redemption shall be sent to each holder of redeemable shares being called not later than the 21st day or earlier than the 60th day before the date set for redemption, unless otherwise provided by the terms of the class or series of shares contained in the certificate of formation. (c) A notice that is mailed is considered to have been sent when the notice is deposited in the United States mail, with postage prepaid, addressed to the shareholder at the shareholder's address as it appears on the share transfer records of the corporation. (d) A corporation may give the transfer agent described by Section 21.306 irrevocable instructions to send or complete the notice of redemption. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2019, 86th Leg., R.S., Ch. 665 (S.B. 1971 ), Sec. 6, eff. September 1, 2019.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.21.305
What does The Texas Constitution § BO.21.305 cover?
Section BO.21.305 ("NOTICE OF REDEMPTION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.21.305?
A common citation format is "The Texas Constitution § BO.21.305" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.21.305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.