Texas § 200.112 COMMITMENT IN CONNECTION WITH PURCHASE OF SHARES.

Texas Statutes

§ 200.112 — COMMITMENT IN CONNECTION WITH PURCHASE OF SHARES.

Texas § 200.112

Code BOBusiness Organizations Code

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Bluebook

Tex. Business Organizations Code Code Ann. § 200.112 (2026).

Text

Sec. 200.112. COMMITMENT IN CONNECTION WITH PURCHASE OF SHARES.

(a)A person who contemplates the acquisition of shares in a real estate investment trust may commit to act in a specified manner with respect to the shares after the acquisition, including the voting of the shares or the retention or disposition of the shares. To be binding, the commitment must be in writing and be signed by the person acquiring the shares.

(b)A written commitment entered into under Subsection (a) is a contract between the shareholder and the real estate investment trust.

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Sec. 200.112. COMMITMENT IN CONNECTION WITH PURCHASE OF SHARES. (a) A person who contemplates the acquisition of shares in a real estate investment trust may commit to act in a specified manner with respect to the shares after the acquisition, including the voting of the shares or the retention or disposition of the shares. To be binding, the commitment must be in writing and be signed by the person acquiring the shares.
(b) A written commitment entered into under Subsection (a) is a contract between the shareholder and the real estate investment trust.