DIVIDENDS PROHIBITED.

Tex. BUS. ORGS Code § 22.053.
in effect
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Except as provided by Section 22.054 , a dividend may not be paid to, and no part of the income of a corporation may be distributed to, the corporation's members, directors, or officers.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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