Tex. Bus. Org. Code § 200.052

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 200.052 - No Property Right in Certificate of Formation

A shareholder of a real estate investment trust does not have a vested property right resulting from the certificate of formation, including a provision in the certificate of formation relating to the management, control, capital structure, dividend entitlement, purpose, or duration of the real estate investment trust.

Tex. Bus. Org. Code § 200.052

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