Texas § TN.68.103 - SHARE VALUATION
Full text of Texas The Texas Constitution § TN.68.103 — SHARE VALUATION, with citation guidance and answers to common questions.
§ TN.68.103. SHARE VALUATION
SHARE VALUATION. The value of all assets of the association shall be determined by an appraisal made by one or more qualified appraisers designated by the association president. The value of each share is determined by dividing the total value of all assets of the association by the number of shares outstanding. The value of each share shall be used in a transaction that involves: (1) the purchase of a share by a newly commissioned branch pilot; (2) the sale of a share on retirement by a branch pilot; or (3) the purchase of a share by the association from the legal heirs of a deceased branch pilot. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Frequently Asked Questions About Texas § TN.68.103
What does The Texas Constitution § TN.68.103 cover?
Section TN.68.103 ("SHARE VALUATION") 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 § TN.68.103?
A common citation format is "The Texas Constitution § TN.68.103" (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 § TN.68.103 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.