Tex. Bus. Orgs. Code § 200.159 · Subchapter D. SHAREHOLDER RIGHTS AND RESTRICTIONS
LIABILITY FOR DESIGNATING OWNER OF SHARES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A real estate investment trust or an officer, trust manager, employee, or agent of the real estate investment trust may not be held liable for considering a person to be the owner of a share for a purpose described by Section 200.151, regardless of whether the person possesses a certificate for those shares.
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 2b5ffc57ce74a8b4b919e0e29c72f7aeb1e0712f3b18c8e7f1fedfaa55547189
- 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
This section cites
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Business Organizations Code
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.