{"data":{"id":"us-tx/tex.-business-organizations-code-200.211","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 200.211","heading":"SPLIT-UP OR DIVISION OF SHARES.","body":"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.\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#200.211","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"c0b0bc12eb032da94111e48aaf616cb48abc9c2cc1757abe2991d050e8d54bc1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-200.210","next":"us-tx/tex.-business-organizations-code-200.251"},"notice":"GroundRules: Original legal text. Not legal advice."}