yourstate.us
Home / Texas / Business Organizations Code
Tex. Business Organizations Code § 200.303

TRUST MANAGER ELIGIBILITY REQUIREMENTS

Texas · Texas Business Organizations Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Business Organizations Code § 200.303, TRUST MANAGER ELIGIBILITY REQUIREMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584285
Permanent ID
ys:prov:584285@1
SHA-256
6c70164444892e1449df3e03d5a1a407c757060915e972fefe44d6d66168a39b

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

A trust manager of a real estate investment trust must be an individual. Unless the certificate of formation or bylaws of a real estate investment trust provide otherwise, a person is not required to be a resident of this state or a shareholder of the real estate investment trust to serve as a trust manager. The certificate of formation or bylaws may prescribe other qualifications for trust managers.