Texas § BO.303.004 - REDEMPTION OF SHARES
Full text of Texas The Texas Constitution § BO.303.004 — REDEMPTION OF SHARES, with citation guidance and answers to common questions.
§ BO.303.004. REDEMPTION OF SHARES
REDEMPTION OF SHARES; PRICE AND TERMS. (a) A professional corporation may redeem shares of a shareholder, including a deceased shareholder. (b) The price and other terms of a redemption of shares may be: (1) agreed to between the board of directors of the professional corporation and the shareholder or the shareholder's personal representative; or (2) specified in the governing documents of the professional corporation or an applicable agreement. 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.303.004
What does The Texas Constitution § BO.303.004 cover?
Section BO.303.004 ("REDEMPTION OF SHARES") 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.303.004?
A common citation format is "The Texas Constitution § BO.303.004" (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.303.004 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.