Gavvy: Bus. Orgs. Code, Sec. 200.211. Split-up Or Division of Shares.

Add your company name, a link, and a message to this page.

Sec. 200.211. Split-up Or Division of Shares.


Sec. 200.211.  SPLIT-UP OR DIVISION OF SHARES.  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.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Gavvy last updated this database on: Sep 6, 2024