Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 21.159 - Types of Consideration for Shares Shares with or without par value may be issued for the following types of consideration:
(1) a tangible or intangible benefit to the corporation;(4) services performed or a contract for services to be performed;(5) a security of the corporation or any other organization; and(6) any other property of any kind or nature.Tex. Bus. Org. Code § 21.159
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.