Sec. 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;
(2) cash;
(3) a promissory note;
(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.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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