Section 200.306 - Term of Trust Manager(a) Except as provided by the certificate of formation or bylaws of a real estate investment trust, a trust manager of the real estate investment trust serves until the trust manager's successor is elected.(b) A trust manager may succeed himself or herself in office.(c) If a successor trust manager is not elected, the trust manager in office continues to serve as trust manager until the trust manager's successor is elected.Tex. Bus. Org. Code § 200.306
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.