Sec. 200.005.  SUPPLEMENTARY POWERS OF REAL ESTATE INVESTMENT TRUST.  (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.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.