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Texas Business Organizations Code

§ 200.107 — AMOUNT OF CONSIDERATION FOR ISSUANCE OF SHARES WITH PAR VALUE

BO § 200.107Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. C. SHARES

Statute text

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Consideration to be received by a real estate investment trust for the issuance of shares with par value may not be less than the par value of the shares.

Legislative history

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

Source: Texas Business Organizations Code § 200.107 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.