Texas § 200.104 ISSUANCE OF SHARES.

Texas Statutes

§ 200.104 — ISSUANCE OF SHARES.

Texas § 200.104

Code BOBusiness Organizations Code

This text of Texas § 200.104 (ISSUANCE OF SHARES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 200.104 (2026).

Text

Sec. 200.104. ISSUANCE OF SHARES.

(a)A real estate investment trust may issue shares for consideration if authorized by the trust managers.

(b)Shares may not be issued until the consideration, determined in accordance with this subchapter, has been paid to the real estate investment trust or to another entity of which all of the outstanding ownership interests are directly or indirectly owned by the real estate investment trust. When the consideration is paid:

(1)the shares are considered to be issued;

(2)the shareholder entitled to receive the shares is a shareholder with respect to the shares; and

(3)the shares are considered fully paid and nonassessable.

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Sec. 200.104. ISSUANCE OF SHARES. (a) A real estate investment trust may issue shares for consideration if authorized by the trust managers.
(b) Shares may not be issued until the consideration, determined in accordance with this subchapter, has been paid to the real estate investment trust or to another entity of which all of the outstanding ownership interests are directly or indirectly owned by the real estate investment trust. When the consideration is paid:
(1) the shares are considered to be issued;
(2) the shareholder entitled to receive the shares is a shareholder with respect to the shares; and
(3) the shares are considered fully paid and nonassessable.