{"data":{"id":"us-tx/tex.-business-organizations-code-200.205","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 200.205","heading":"AUTHORITY FOR SHARE DIVIDENDS.","body":"The trust managers of a real estate investment trust may authorize a share dividend, and the real estate investment trust may pay a share dividend subject to Section 200.206 and any restriction in the certificate of formation.\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 E. DISTRIBUTIONS AND SHARE DIVIDENDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.200.htm#200.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"f8624097d5f9224908f95d866d075ac650023778ac8dfb8fefc533c09cb19e09","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-200.204","next":"us-tx/tex.-business-organizations-code-200.206"},"notice":"GroundRules: Original legal text. Not legal advice."}