DecisionDepot
California legal research

Texas Business Organizations Code

§ 200.110 — SUBSCRIPTIONS

BO § 200.110Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. C. SHARES

Statute text

View on source
(a)A real estate investment trust may accept a subscription by notifying the subscriber in writing.
(b)A subscription to purchase shares in a real estate investment trust that is in the process of being formed is irrevocable for six months if the subscription is in writing and signed by the subscriber unless the subscription provides for a longer or shorter period or all of the other subscribers agree to the revocation of the subscription.
(c)A written subscription entered into after the real estate investment trust is formed is a contract between the subscriber and the real estate investment trust.

Legislative history

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

Source: Texas Business Organizations Code § 200.110 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.