Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 5. REAL ESTATE INVESTMENT TRUSTS |
Chapter 200. REAL ESTATE INVESTMENT TRUSTS |
Subchapter B. FORMATION AND GOVERNING DOCUMENTS |
Sec. 200.053. PROCEDURES TO ADOPT AMENDMENT TO CERTIFICATE OF FORMATION
Latest version.
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(a) To adopt an amendment to the certificate of formation of a real estate investment trust as provided by Subchapter B, Chapter 3, the trust managers shall:
(1) adopt a resolution stating the proposed amendment; and
(2) follow the procedures prescribed by Sections 200.054-200.056.
(b) The resolution may incorporate the proposed amendment in a restated certificate of formation that complies with Section 3.059.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.