Shares with or without par value may be issued for the following types of consideration:
- (1) a tangible or intangible benefit to the corporation;
- (2) cash;
- (3) a promissory note;
- (4) services performed or a contract for services to be performed;
- (5) a security of the corporation or any other organization; and
- (6) any other property of any kind or nature.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.