Tex. Bus. Orgs. Code § 200.408 · Subchapter I. FUNDAMENTAL BUSINESS TRANSACTIONS
CLASS VOTING REQUIREMENTS FOR CERTAIN FUNDAMENTAL BUSINESS TRANSACTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Separate voting by a class or series of shares of a real estate investment trust is required for approval of a plan of merger or conversion if:
(1) the plan of merger or conversion contains a provision that would require approval by that class or series of shares under Section 200.262 if the provision was contained in a proposed amendment to the real estate investment trust's certificate of formation; or
(2) that class or series of shares is entitled under the certificate of formation to vote as a class or series on the plan of merger or conversion.
(b) Separate voting by a class or series of shares of a real estate investment trust is required for approval of a plan of exchange if:
(1) shares of that class or series are to be exchanged under the terms of the plan of exchange; or
(2) that class or series is entitled under the certificate of formation to vote as a class or series on the plan of exchange.
(c) Separate voting by a class or series of shares of a real estate investment trust is required for approval of a sale of all or substantially all of the assets of the real estate investment trust if that class or series of shares is entitled under the certificate of formation to vote as a class or series on the sale of the real estate investment trust's assets.
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 50bc3a74610fae2e00ccf1768b3392b65f50a0b86fa33a6e814695522e535ba0
- 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
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Business Organizations Code
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