SUBCHAPTER H. INVESTMENTS

Sec. 200.351.  INVESTMENTS.  A trust manager or officer of a real estate investment trust has complete discretion with respect to the investment of the trust estate unless the investment is contrary to or inconsistent with:
(1)  this chapter;
(2)  a provision of the Internal Revenue Code relating to or governing real estate investment trusts;  or
(3)  regulations adopted under a provision of the Internal Revenue Code relating to or governing real estate investment trusts.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.