Texas § IN.4053.110 - REDEMPTION OF CORPORATE SHARES

Full text of Texas The Texas Constitution § IN.4053.110 — REDEMPTION OF CORPORATE SHARES, with citation guidance and answers to common questions.

§ IN.4053.110. REDEMPTION OF CORPORATE SHARES

REDEMPTION OF CORPORATE SHARES. A corporation acting as a managing general agent may redeem the shares of a shareholder or a deceased shareholder: (1) on terms agreed on by the board of directors and the shareholder or the shareholder's personal representative; or (2) at a price and on terms provided in the articles of incorporation, the bylaws, or an existing contract entered into between the shareholders. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005. SUBCHAPTER D. ENFORCEMENT

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.4053.110

What does The Texas Constitution § IN.4053.110 cover?

Section IN.4053.110 ("REDEMPTION OF CORPORATE 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 § IN.4053.110?

A common citation format is "The Texas Constitution § IN.4053.110" (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 § IN.4053.110 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.