Texas Business Organizations Code

§ 3.012 — SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF REAL ESTATE INVESTMENT TRUST

BO § 3.012Title 1. GENERAL PROVISIONS · Ch. 3. FORMATION AND GOVERNANCE · Art. A. FORMATION, EXISTENCE, AND CERTIFICATE OF FORMATION

Statute text

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In addition to the information required by Section 3.005, the certificate of formation of a real estate investment trust must state:

(1)that an assumed name certificate stating the name of the real estate investment trust has been filed in the manner provided by law;

(2)that the purpose of the real estate investment trust is to:

(A)purchase, hold, lease, manage, sell, exchange, develop, subdivide, and improve real property and interests in real property, other than severed mineral, oil, or gas royalty interests, and carry on any other business and perform any other action in connection with a purpose described by this paragraph;

(B)exercise powers conferred by the laws of this state on a real estate investment trust; and

(C)perform any action described by Chapter 200 or Title 1 to the same extent as an individual;

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Legislative history

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