Distributions and Share Dividends | Midpage

Collections
Texas Statutes

Subchapter G

Distributions and Share Dividends

21.301Definitions 21.302Authority for Distributions 21.303Limitations on Distributions 21.304Redemptions 21.305Notice of Redemption 21.306Deposit of Money for Redemption 21.307Payment of Redeemed Shares 21.308Priority of Distributions 21.309Reserves, Designations, and Allocations from Surplus 21.310Authority for Share Dividends 21.311Limitations on Share Dividends 21.312Value of Shares Issued as Share Dividends 21.313Transfer of Surplus for Share Dividends 21.314Determination of Solvency, Net Assets, Stated Capital, and Surplus 21.315Date of Determination of Solvency, Net Assets, Stated Capital, and Surplus 21.316Liability of Directors for Wrongful Distributions 21.317Statute of Limitations on Action for Wrongful Distribution 21.318Contribution from Certain Shareholders and Directors