Tex. Bus. Orgs. Code § 200.110 · Subchapter C. SHARES
SUBSCRIPTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A real estate investment trust may accept a subscription by notifying the subscriber in writing.
(b) A subscription to purchase shares in a real estate investment trust that is in the process of being formed is irrevocable for six months if the subscription is in writing and signed by the subscriber unless the subscription provides for a longer or shorter period or all of the other subscribers agree to the revocation of the subscription.
(c) A written subscription entered into after the real estate investment trust is formed is a contract between the subscriber and the real estate investment trust.
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 5062b35e506d95d0251b16c107b2ad3d41f7afae24f971fc6f754a55365012cc
- 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.