Texas § 4053.110 REDEMPTION OF CORPORATE SHARES.

Texas Statutes

§ 4053.110 — REDEMPTION OF CORPORATE SHARES.

Texas § 4053.110

Code INInsurance Code

This text of Texas § 4053.110 (REDEMPTION OF CORPORATE 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. Insurance Code Code Ann. § 4053.110 (2026).

Text

Sec. 4053.110. REDEMPTION OF CORPORATE SHARES. A corporation acting as a managing general agent may redeem the shares of a shareholder or a deceased shareholder:

(1)on terms agreed on by the board of directors and the shareholder or the shareholder's personal representative; or

(2)at a price and on terms provided in the articles of incorporation, the bylaws, or an existing contract entered into between the shareholders. SUBCHAPTER D. ENFORCEMENT

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Sec. 4053.110. REDEMPTION OF CORPORATE SHARES. A corporation acting as a managing general agent may redeem the shares of a shareholder or a deceased shareholder:
(1) on terms agreed on by the board of directors and the shareholder or the shareholder's personal representative; or
(2) at a price and on terms provided in the articles of incorporation, the bylaws, or an existing contract entered into between the shareholders.
SUBCHAPTER D. ENFORCEMENT