Texas Business Organizations Code

§ 200.163 — EXCEPTIONS TO LIMITATIONS

BO § 200.163Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. D. SHAREHOLDER RIGHTS AND RESTRICTIONS

Statute text

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Section 200.161 or 200.162 does not limit the obligation of a holder, beneficial owner, or subscriber to the obligee of the real estate investment trust if that person:

(1)expressly assumes, guarantees, or agrees to be personally liable to the obligee for the obligation; or

(2)is otherwise liable to the obligee for the obligation under this code or other applicable statute.

Legislative history

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