Texas § 303.004 REDEMPTION OF SHARES; PRICE AND TERMS.

Texas Statutes

§ 303.004 — REDEMPTION OF SHARES; PRICE AND TERMS.

Texas § 303.004

Code BOBusiness Organizations Code

This text of Texas § 303.004 (REDEMPTION OF SHARES; PRICE AND TERMS.) 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. § 303.004 (2026).

Text

Sec. 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.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 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.