{"data":{"id":"us-tx/tex.-business-organizations-code-200.351","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 200.351","heading":"INVESTMENTS.","body":"A trust manager or officer of a real estate investment trust has complete discretion with respect to the investment of the trust estate unless the investment is contrary to or inconsistent with:\n(1) this chapter;\n(2) a provision of the Internal Revenue Code relating to or governing real estate investment trusts; or\n(3) regulations adopted under a provision of the Internal Revenue Code relating to or governing real estate investment trusts.\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 H. INVESTMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.200.htm#200.351","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"88fcd056ca3f9c208439ac9bd41d0512dfe437d316f9ca35daf365e7581389d1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-200.317","next":"us-tx/tex.-business-organizations-code-200.401"},"notice":"GroundRules: Original legal text. Not legal advice."}