{"data":{"id":"us-tx/tex.-finance-code-183.211","jurisdiction":"us-tx","citation":"Tex. Finance Code § 183.211","heading":"APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS.","body":"For purposes of applying the provisions of this subtitle other than this subchapter to a limited trust association, as the context requires:\n(1) a manager and the board of managers are considered to be a director and the board of directors;\n(2) if there is not a board of managers, a participant is considered to be a director and all of the participants are considered to be the board of directors;\n(3) a participant or participant-transferee is considered to be a shareholder;\n(4) a participation share is considered to be a share of stock; and\n(5) a distribution is considered to be a dividend.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 183. OWNERSHIP AND MANAGEMENT OF STATE TRUST COMPANY","SUBCHAPTER C. LIMITED TRUST ASSOCIATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.183.htm#183.211","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"b5bad3ecf550a148f4fb576803ceab98d2f5e17f436347c4fab020a7da987d65","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-183.210","next":"us-tx/tex.-finance-code-184.001"},"notice":"GroundRules: Original legal text. Not legal advice."}