AUTHORITY FOR SHARE DIVIDENDS.

Tex. BUS. ORGS Code § 21.310.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The board of directors of a corporation may authorize a share dividend and the corporation may pay a share dividend subject to Section 21.311 and any restriction in its certificate of formation.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

Starting a business in Texas? Texas LLC guide: costs and requirements