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Texas Business Organizations Code - BUS ORG § 200.005. Supplementary Powers of Real Estate Investment Trust

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Subject to Section 2.113(a) and in addition to the powers specified in Section 2.101, a real estate investment trust may engage in activities mandated or authorized by:

(1) provisions of the Internal Revenue Code that are related to or govern real estate investment trusts;  and

(2) regulations adopted under the Internal Revenue Code.

(b) This section does not authorize a real estate investment trust or an officer or trust manager of a real estate investment trust to exercise a power in a manner inconsistent with a limitation on the purposes or powers of the real estate investment trust contained in:

(1) the trust's certificate of formation;

(2) this code;  or

(3) another law of this state.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 200.005. Supplementary Powers of Real Estate Investment Trust - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-200-005/

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