{"data":{"id":"us-tx/tex.-business-organizations-code-200.105","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 200.105","heading":"TYPES OF CONSIDERATION FOR ISSUANCE OF SHARES.","body":"Shares with or without par value may be issued by a real estate investment trust for the following types of consideration:\n(1) a tangible or intangible benefit to the real estate investment trust;\n(2) cash;\n(3) a promissory note;\n(4) services performed or a contract for services to be performed;\n(5) a security of the real estate investment trust or any other organization; and\n(6) any other property of any kind or nature.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 5. REAL ESTATE INVESTMENT TRUSTS","CHAPTER 200. REAL ESTATE INVESTMENT TRUSTS","SUBCHAPTER C. SHARES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.200.htm#200.105","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"18a6a6b55cb69046e37c9b94247791a88280aba5eeb90bf103047ed06e114d94","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-200.104","next":"us-tx/tex.-business-organizations-code-200.106"},"notice":"GroundRules: Original legal text. Not legal advice."}