Texas Statutes
§ 21.159 — TYPES OF CONSIDERATION FOR SHARES.
Texas § 21.159
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 21.159 (TYPES OF CONSIDERATION FOR SHARES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Business Organizations Code Code Ann. § 21.159 (2026).
Text
Sec. 21.159. TYPES OF CONSIDERATION FOR SHARES. Shares with or without par value may be issued for the following types of consideration:
(1)a tangible or intangible benefit to the corporation;
(2)cash;
(3)a promissory note;
(4)services performed or a contract for services to be performed;
(5)a security of the corporation or any other organization; and
(6)any other property of any kind or nature.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 21.002
DEFINITIONS.§ 21.057
BYLAWS.§ 21.058
DUAL AUTHORITY.§ 21.059
ORGANIZATION MEETING.§ 21.101
SHAREHOLDERS' AGREEMENT.§ 21.102
TERM OF AGREEMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 21.159, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/21.159.