Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 5. REAL ESTATE INVESTMENT TRUSTS |
Chapter 200. REAL ESTATE INVESTMENT TRUSTS |
Subchapter G. TRUST MANAGERS |
Sec. 200.315. RIGHT OF CONTRIBUTION
Latest version.
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A trust manager who is liable for a claim asserted under Section 200.312 is entitled to receive contribution from each of the other trust managers who are liable with respect to that claim in an amount appropriate to achieve equity.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.