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Texas Business Organizations Code - BUS ORG § 200.211. Split-up or Division of Shares

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

The trust managers of a real estate investment trust may authorize the real estate investment trust to carry out any split-up or division of the issued shares of a class of the real estate investment trust into a larger number of shares within the same class that does not increase the stated capital of the real estate investment trust because the split-up or division of issued shares is not a share dividend or a distribution.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 200.211. Split-up or Division of Shares - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-200-211/

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