{"data":{"id":"us-tx/tex.-business-organizations-code-200.503","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 200.503","heading":"TAX LAW REQUIREMENTS.","body":"In connection with a real estate investment trust qualifying or attempting to qualify as a real estate investment trust under the Internal Revenue Code and the regulations adopted under the Internal Revenue Code, a provision of this chapter is subject to the provisions of the Internal Revenue Code or the regulations relating to or governing real estate investment trusts adopted under those provisions if:\n(1) the provision of this chapter is contrary to or inconsistent with the federal provisions or regulations;\n(2) the federal provisions or regulations require a real estate investment trust to take any action required to secure or maintain its status as a real estate investment trust under the federal provisions or regulations; or\n(3) the federal provisions or regulations prohibit the real estate investment trust from taking any action required to secure or maintain its status as a real estate investment trust under the federal provision or regulation.\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 K. MISCELLANEOUS PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.200.htm#200.503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"83eb72f4ec65e3453ad1964f8bdaa6a585af61d48ea566c390a9bf9d82266d67","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-200.502","next":"us-tx/tex.-business-organizations-code-251.001"},"notice":"GroundRules: Original legal text. Not legal advice."}