Texas Business Organizations Code - BUS ORG § 303.004. Redemption of Shares; Price and Terms
Current as of April 14, 2021 | Updated by FindLaw Staff
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(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.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 303.004. Redemption of Shares; Price and Terms - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-303-004.html
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