GroundRules
Tex. Business Organizations Code § 200.211: SPLIT-UP OR DIVISION OF SHARES.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 5. REAL ESTATE INVESTMENT TRUSTS
- CHAPTER 200. REAL ESTATE INVESTMENT TRUSTS
- SUBCHAPTER E. DISTRIBUTIONS AND SHARE DIVIDENDS
The trust managers of a real estate investment trust may authorize the real estate investment trust to carry out any split-up or division of the issued shares of a class of the real estate investment trust into a larger number of shares within the same class that does not increase the stated capital of the real estate investment trust because the split-up or division of issued shares is not a share dividend or a distribution.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON