yourstate.us
Home / Texas / Business Organizations Code
Tex. Business Organizations Code § 200.305

COMPENSATION

Texas · Texas Business Organizations Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Business Organizations Code § 200.305, COMPENSATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584287
Permanent ID
ys:prov:584287@1
SHA-256
384e62887e13b8f3a031c55b6827e39864116385635b38505c2baa45ce2cf670

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 or officer of a real estate investment trust is entitled to receive compensation set by or in the manner provided by the certificate of formation or bylaws of the real estate investment trust. If the certificate of formation or bylaws do not provide for compensation to trust managers and officers, the trust managers of the real estate investment trust must determine the compensation by vote at a meeting or by written consent.