Dividends, Redemptions, and Share Purchases (TX) | Practical Law
A Practice Note discussing the actions necessary for a Texas corporation to effect a dividend, redemption, or share purchase (also known as a share buyback or share repurchase). It explains the applicable laws, the resources the corporation may use, and the standard of review that Texas courts apply when reviewing a dividend, redemption, or share purchase transaction. It also discusses the potential personal liability to directors and how directors can protect against that liability.