Tex. Bus. Orgs. Code § 200.058 · Subchapter B. FORMATION AND GOVERNING DOCUMENTS
BYLAWS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The trust managers of a real estate investment trust shall adopt initial bylaws.
(b) The bylaws may contain provisions for the regulation and management of the affairs of the real estate investment trust that are consistent with law and the real estate investment trust's certificate of formation.
(c) The trust managers of a real estate investment trust may amend or repeal bylaws or adopt new bylaws unless:
(1) the real estate investment trust's certificate of formation or this chapter wholly or partly reserves the power exclusively to the real estate investment trust's shareholders; or
(2) in amending, repealing, or adopting a bylaw, the shareholders expressly provide that the trust managers may not amend, repeal, or readopt that bylaw.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.200.htm
- Text hash
- sha256 9db86e86197721ed87569fb9cc6b9da8c8a553e8e05ae4794a3e040c40098547
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.