VALUE OF SHARES ISSUED AS SHARE DIVIDENDS.

Tex. BUS. ORGS Code § 21.312.
in effect
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(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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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