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Texas Business Organizations Code - BUS ORG § 200.306. Term of Trust Manager

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

(a) Except as provided by the certificate of formation or bylaws of a real estate investment trust, a trust manager of the real estate investment trust serves until the trust manager's successor is elected.

(b) A trust manager may succeed himself or herself in office.

(c) If a successor trust manager is not elected, the trust manager in office continues to serve as trust manager until the trust manager's successor is elected.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 200.306. Term of Trust Manager - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-200-306/

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