Texas Business Organizations Code

§ 200.005 — SUPPLEMENTARY POWERS OF REAL ESTATE INVESTMENT TRUST

BO § 200.005Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. A. GENERAL PROVISIONS

Statute text

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(a)Subject to Section 2.113(a) and in addition to the powers specified in Section 2.101, a real estate investment trust may engage in activities mandated or authorized by:

(1)provisions of the Internal Revenue Code that are related to or govern real estate investment trusts; and

(2)regulations adopted under the Internal Revenue Code.

(b)This section does not authorize a real estate investment trust or an officer or trust manager of a real estate investment trust to exercise a power in a manner inconsistent with a limitation on the purposes or powers of the real estate investment trust contained in:

(1)the trust's certificate of formation;

(2)this code; or

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Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.