All codes › Business Organizations Code › Title 5

Chapter 200

Real Estate Investment Trusts

Subchapter A. General Provisions

200.001 Definition 200.002 Applicability of Chapter 200.003 Conflict with Other Law 200.004 Ultra Vires Acts 200.005 Supplementary Powers of Real Estate Investment Trust 200.006 Requirement That Filing Instrument Be Signed by Officer

Subchapter B. Formation and Governing Documents

200.051 Declaration of Trust 200.052 No Property Right in Certificate of Formation 200.053 Procedures to Adopt Amendment to Certificate of Formation 200.054 Adoption of Amendment by Trust Managers 200.055 Adoption of Amendment by Shareholders 200.056 Notice of and Meeting to Consider Proposed Amendment 200.057 Adoption of Restated Certificate of Formation 200.058 Bylaws 200.059 Dual Authority 200.060 Organization Meeting

Subchapter C. Shares

200.101 Number 200.102 Classification of Shares 200.103 Classes of Shares Established by Trust Managers 200.104 Issuance of Shares 200.105 Types of Consideration for Issuance of Shares 200.106 Determination of Consideration for Shares 200.107 Amount of Consideration for Issuance of Shares with Par Value 200.108 Value of Consideration 200.109 Liability of Assignee or Transferee 200.110 Subscriptions 200.111 Preformation Subscription 200.112 Commitment in Connection with Purchase of Shares 200.113 Supplemental Required Records

Subchapter D. Shareholder Rights and Restrictions

200.151 Registered Holders as Owners 200.152 No Statutory Preemptive Right Unless Specifically Provided by Certificate of Formation 200.153 Characterization and Transfer of Shares and Other Securities 200.154 Restriction on Transfer of Shares and Other Securities 200.155 Valid Restriction on Transfer 200.156 Bylaw or Agreement Restricting Transfer of Shares or Other Securities 200.157 Enforceability of Restriction on Transfer of Certain Securities 200.158 Joint Ownership of Shares 200.159 Liability for Designating Owner of Shares 200.160 Liability Regarding Joint Ownership of Shares 200.161 Limitation of Liability for Obligations 200.162 Preemption of Liability 200.163 Exceptions to Limitations 200.164 Pledgees and Trust Administrators

Subchapter E. Distributions and Share Dividends

200.201 Authority for Distributions 200.202 Limitations on Distributions 200.203 Priority of Distributions 200.204 Reserves, Designations, and Allocations from Surplus 200.205 Authority for Share Dividends 200.206 Limitations on Share Dividends 200.207 Value of Shares Issued as Share Dividends 200.208 Transfer of Surplus for Share Dividends 200.209 Determination of Solvency, Net Assets, Stated Capital, and Surplus 200.210 Date of Determination of Surplus 200.211 Split-Up or Division of Shares

Subchapter F. Shareholders' Meetings; Voting and Quorum

200.251 Annual Meeting 200.252 Special Meetings 200.253 Notice of Meeting 200.254 Closing of Share Transfer Records 200.255 Record Date for Written Consent to Action 200.256 Record Date for Purpose Other Than Written Consent to Action 200.257 Quorum 200.258 Voting in Election of Trust Managers 200.259 Cumulative Voting in Election of Trust Managers 200.260 Voting on Matters Other Than Election of Trust Managers 200.261 Vote Required to Approve Fundamental Action 200.262 Changes in Vote Required for Certain Matters 200.263 Number of Votes Per Share 200.264 Voting in Person or by Proxy 200.265 Term of Proxy 200.266 Revocability of Proxy 200.267 Enforceability of Proxy 200.268 Procedures in Bylaws Relating to Proxies

Subchapter G. Trust Managers

200.301 Management by Trust Managers 200.302 Designation of Trust Managers 200.303 Trust Manager Eligibility Requirements 200.304 Number of Trust Managers 200.305 Compensation 200.306 Term of Trust Manager 200.307 Staggered Terms of Trust Managers 200.308 Vacancy 200.309 Notice of Meeting 200.310 Quorum 200.311 Committees of Trust Managers 200.312 Liability of Trust Managers 200.313 Statute of Limitations on Certain Action Against Trust Managers 200.314 Immunity from Liability for Performance of Duty 200.315 Right of Contribution 200.316 Officers 200.317 Contracts or Transactions Involving Interested Trust Managers and Officers

Subchapter H. Investments

200.351 Investments

Subchapter I. Fundamental Business Transactions

200.401 Definitions 200.402 Approval of Merger 200.403 Approval of Conversion 200.404 Approval of Exchange 200.405 Approval of Sale of All or Substantially All of Assets 200.406 General Procedure for Submission to Shareholders of Fundamental Business Transaction 200.407 General Vote Requirement for Approval of Fundamental Business Transaction 200.408 Class Voting Requirements for Certain Fundamental Business Transactions 200.409 No Shareholder Vote Requirement for Certain Fundamental Business Transactions 200.410 Rights of Dissent and Appraisal

Subchapter J. Supplemental Winding Up and Termination Provisions

200.451 Approval of Voluntary Winding Up 200.452 Approval of Reinstatement, Cancellation, or Revocation of Voluntary Winding Up 200.453 Responsibility for Winding Up

Subchapter K. Miscellaneous Provisions

200.501 Examination of Records 200.502 Joinder of Shareholders Not Required 200.503 Tax Law Requirements