Tex. Bus. Orgs. Code § 200.105 · Subchapter C. SHARES
TYPES OF CONSIDERATION FOR ISSUANCE OF SHARES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Shares with or without par value may be issued by a real estate investment trust for the following types of consideration:
(1) a tangible or intangible benefit to the real estate investment trust;
(2) cash;
(3) a promissory note;
(4) services performed or a contract for services to be performed;
(5) a security of the real estate investment trust or any other organization; and
(6) any other property of any kind or nature.
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 f43fe7a6164bb9c803e23d56fbe2dc23172940df31aa5d4b991a6d76e8be8c6d
- 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.