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Current as of January 01, 2024 | Updated by Findlaw Staff
A corporation may pay or authorize to be paid from the consideration received by the corporation as payment for the corporation's shares the reasonable charges and expenses of the organization or reorganization of the corporation and the sale or underwriting of the shares without rendering the shares not fully paid and nonassessable.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 21.172. Expenses of Organization, Reorganization, and Financing of Corporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-21-172/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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