{"data":{"id":"us-tx/tex.-business-organizations-code-200.316","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 200.316","heading":"OFFICERS.","body":"(a) An officer of a real estate investment trust designated by the trust managers under Section 3.103 may exercise all of the powers of a trust manager relating to the business and affairs of the real estate investment trust, unless action by the trust managers is specified by this code or another applicable law.\n(b) A designation of or delegation of authority to an officer of a real estate investment trust described by this section does not relieve a trust manager of responsibility imposed by law.\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 G. TRUST MANAGERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.200.htm#200.316","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"b74f70a876da85de5d1448d7ccb1fedd432241b787b6249481019fb8ffd8cd85","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-200.315","next":"us-tx/tex.-business-organizations-code-200.317"},"notice":"GroundRules: Original legal text. Not legal advice."}