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Texas Business Organizations Code

§ 200.153 — CHARACTERIZATION AND TRANSFER OF SHARES AND OTHER SECURITIES

BO § 200.153Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. D. SHAREHOLDER RIGHTS AND RESTRICTIONS

Statute text

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Except as otherwise provided by this code, the shares and other securities of a real estate investment trust are:
(1)personal property for all purposes; and
(2)transferable in accordance with Chapter 8, Business & Commerce Code.

Legislative history

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

Source: Texas Business Organizations Code § 200.153 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.