Tex. Bus. Org. Code § 200.351

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

Section 200.351 - Investments

A trust manager or officer of a real estate investment trust has complete discretion with respect to the investment of the trust estate unless the investment is contrary to or inconsistent with:

(1) this chapter;

(2) a provision of the Internal Revenue Code relating to or governing real estate investment trusts; or

(3) regulations adopted under a provision of the Internal Revenue Code relating to or governing real estate investment trusts.

Tex. Bus. Org. Code § 200.351

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