GroundRules
Tex. Business Organizations Code § 200.303: TRUST MANAGER ELIGIBILITY REQUIREMENTS.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 5. REAL ESTATE INVESTMENT TRUSTS
- CHAPTER 200. REAL ESTATE INVESTMENT TRUSTS
- SUBCHAPTER G. TRUST MANAGERS
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.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON