DecisionDepot
California legal research

Texas Business Organizations Code

§ 200.105 — TYPES OF CONSIDERATION FOR ISSUANCE OF SHARES

BO § 200.105Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. C. SHARES

Statute text

View on source
Shares with or without par value may be issued by a real estate investment trust for the following types of consideration:
(1)a tangible or intangible benefit to the real estate investment trust;
(2)cash;
(3)a promissory note;
(4)services performed or a contract for services to be performed;
(5)a security of the real estate investment trust or any other organization; and
…

Legislative history

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

Source: Texas Business Organizations Code § 200.105 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.