Texas Statutes
§ 200.203 — PRIORITY OF DISTRIBUTIONS.
Texas § 200.203
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 200.203 (PRIORITY OF DISTRIBUTIONS.) 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. § 200.203 (2026).
Text
Sec. 200.203. PRIORITY OF DISTRIBUTIONS. A real estate investment trust's indebtedness that arises as a result of the declaration of a distribution and a real estate investment trust's indebtedness issued in a distribution are at parity with the real estate investment trust's indebtedness to its general, unsecured creditors, except to the extent the indebtedness is subordinated, or payment of that indebtedness is secured, by agreement.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 200.001
DEFINITION.§ 200.002
APPLICABILITY OF CHAPTER.§ 200.003
CONFLICT WITH OTHER LAW.§ 200.004
ULTRA VIRES ACTS.§ 200.051
DECLARATION OF TRUST.§ 200.058
BYLAWS.§ 200.059
DUAL AUTHORITY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 200.203, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/200.203.