Texas Statutes
§ 200.204 — RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS.
Texas § 200.204
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 200.204 (RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS.) 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. § 200.204 (2026).
Text
Sec. 200.204. RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS.
(a)A real estate investment trust, by resolution of the trust managers of the real estate investment trust, may:
(1)create a reserve out of the surplus of the real estate investment trust; or
(2)designate or allocate in any manner a part or all of the real estate investment trust's surplus for a proper purpose.
(b)A real estate investment trust may increase, decrease, or abolish a reserve, designation, or allocation in the manner provided by Subsection (a).
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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 § 200.204, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/200.204.