Texas § BO.21.312 - VALUE OF SHARES ISSUED AS SHARE DIVIDENDS
Full text of Texas The Texas Constitution § BO.21.312 — VALUE OF SHARES ISSUED AS SHARE DIVIDENDS, with citation guidance and answers to common questions.
§ BO.21.312. VALUE OF SHARES ISSUED AS SHARE DIVIDENDS
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 respective share. (b) A share dividend payable in authorized but unissued shares without par value shall be issued at the value set by the board of directors when the share dividend is authorized. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.21.312
What does The Texas Constitution § BO.21.312 cover?
Section BO.21.312 ("VALUE OF SHARES ISSUED AS SHARE DIVIDENDS") 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.21.312?
A common citation format is "The Texas Constitution § BO.21.312" (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.21.312 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.