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. 200.054. ADOPTION OF AMENDMENT BY TRUST MANAGERS
Latest version.
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If a real estate investment trust does not have any issued and outstanding shares, the trust managers may adopt a proposed amendment to the real estate investment trust's certificate of formation by resolution without shareholder approval.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.