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  8. Title 2 - Corporations
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  10. Chapter 21 - For-Profit Cor...
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  12. Subchapter G. Distributions and Share Dividends


Subchapter G. Distributions and Share Dividends


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