Tex. Bus. Org. Code § 200.163

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 200.163 - Exceptions to Limitations

Section 200.161 or 200.162 does not limit the obligation of a holder, beneficial owner, or subscriber to the obligee of the real estate investment trust if that person:

(1) expressly assumes, guarantees, or agrees to be personally liable to the obligee for the obligation; or

(2) is otherwise liable to the obligee for the obligation under this code or other applicable statute.

Tex. Bus. Org. Code § 200.163

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