Sec. 200.153.  CHARACTERIZATION AND TRANSFER OF SHARES AND OTHER SECURITIES.  Except as otherwise provided by this code, the shares and other securities of a real estate investment trust are:
(1)  personal property for all purposes;  and
(2)  transferable in accordance with Chapter 8, Business & Commerce Code.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.