Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 5. REAL ESTATE INVESTMENT TRUSTS |
Chapter 200. REAL ESTATE INVESTMENT TRUSTS |
Subchapter D. SHAREHOLDER RIGHTS AND RESTRICTIONS |
Sec. 200.152. NO STATUTORY PREEMPTIVE RIGHT UNLESS SPECIFICALLY PROVIDED BY CERTIFICATE OF FORMATION
Latest version.
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A shareholder of a real estate investment trust does not have a preemptive right to acquire securities except to the extent specifically provided by the certificate of formation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.