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. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Redemption of Shares; Price and Terms
Tex. Business Organizations Code § 303.004, under Provisions Relating To Professional Corporations.
Tex. Business Organizations Code § 303.004