Tex. Business Organizations Code § 200.005
SUPPLEMENTARY POWERS OF REAL ESTATE INVESTMENT TRUST
Texas · Texas Business Organizations Code · Status: effective
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- Citation
- Tex. Business Organizations Code § 200.005, SUPPLEMENTARY POWERS OF REAL ESTATE INVESTMENT TRUST, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584209
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Full text
(a) Subject to Section 2.113(a) and in addition to the powers specified in Section 2.101, a real estate investment trust may engage in activities mandated or authorized by:
(1) provisions of the Internal Revenue Code that are related to or govern real estate investment trusts; and
(2) regulations adopted under the Internal Revenue Code.
(b) This section does not authorize a real estate investment trust or an officer or trust manager of a real estate investment trust to exercise a power in a manner inconsistent with a limitation on the purposes or powers of the real estate investment trust contained in:
(1) the trust's certificate of formation;
(2) this code; or
(3) another law of this state.