Texas Codes

Tex. Bus. Orgs. Code § 303.004 (2026)

Redemption Of Shares; Price And Terms

✓ current as of May 2026

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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.

Notes of Decisions

Cited in 3 cases (2 in the last 5 years), 2020–2025 · leading case: David A. Skeels v. Friedman, Suder & Cooke, P.C. (Tex. App. 2025).

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David A. Skeels v. Friedman, Suder & Cooke, P.C. (Tex. App. 2025). · cites it 2× “See Tex. Bus. Orgs. Code Ann. § 303.004 (b); Skeels II, 671 S.”

David A. Skeels v. Jonathan T. Suder, Michael T. Cooke, & Friedman, Suder & Cooke, P.C. (Tex. App. 2020). “See Tex. Bus. Orgs. Code Ann. § 303.004 (b) (emphasis added).”

David A. Skeels v. Jonathan T. Suder Michael T. Cooke & Friedman, Suder & Cooke, P.C. (Tex. 2023). “When the court called the case for trial, Skeels’s counsel represented that none of Skeels’s other claims survived the interlocutory 11 See TEX. BUS. ORGS. CODE § 303.004. 12 See id.”

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