DecisionDepot
California legal research

Texas Business Organizations Code

§ 200.351 — INVESTMENTS

BO § 200.351Title 5. REAL ESTATE INVESTMENT TRUSTS · Ch. 200. REAL ESTATE INVESTMENT TRUSTS · Art. H. INVESTMENTS

Statute text

View on source
A trust manager or officer of a real estate investment trust has complete discretion with respect to the investment of the trust estate unless the investment is contrary to or inconsistent with:
(1)this chapter;
(2)a provision of the Internal Revenue Code relating to or governing real estate investment trusts; or
(3)regulations adopted under a provision of the Internal Revenue Code relating to or governing real estate investment trusts.

Legislative history

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

Source: Texas Business Organizations Code § 200.351 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.