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Texas Business Organizations Code - BUS ORG § 303.004. Redemption of Shares;  Price and Terms

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 303.004. Redemption of Shares;  Price and Terms - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-303-004/

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