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Texas Business Organizations Code - BUS ORG § 200.303. Trust Manager Eligibility Requirements

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

A trust manager of a real estate investment trust must be an individual.  Unless the certificate of formation or bylaws of a real estate investment trust provide otherwise, a person is not required to be a resident of this state or a shareholder of the real estate investment trust to serve as a trust manager.  The certificate of formation or bylaws may prescribe other qualifications for trust managers.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 200.303. Trust Manager Eligibility Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-200-303/

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