Gavvy: Bus. Orgs. Code, Sec. 200.302. Designation of Trust Managers.

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Sec. 200.302. Designation of Trust Managers.

Sec. 200.302. DESIGNATION OF TRUST MANAGERS. (a) The certificate of formation of a real estate investment trust must contain the name of each trust manager.

(b) A successor trust manager must be selected in accordance with the certificate of formation. The selection of a successor trust manager is considered an amendment to the certificate of formation of a real estate investment trust.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Gavvy last updated this database on: Sep 6, 2024