Tex. Bus. Org. Code § 303.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 303.004 - Redemption of Shares; Price and Terms

(a) A professional corporation may redeem shares of a shareholder, including a deceased shareholder.

(b) The price and other terms of a redemption of shares may be:

(1) agreed to between the board of directors of the professional corporation and the shareholder or the shareholder's personal representative; or

(2) specified in the governing documents of the professional corporation or an applicable agreement.

Tex. Bus. Org. Code § 303.004

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.