Texas § 200.314 IMMUNITY FROM LIABILITY FOR PERFORMANCE OF DUTY.

Texas Statutes

§ 200.314 — IMMUNITY FROM LIABILITY FOR PERFORMANCE OF DUTY.

Texas § 200.314

Code BOBusiness Organizations Code

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Bluebook

Tex. Business Organizations Code Code Ann. § 200.314 (2026).

Text

Sec. 200.314. IMMUNITY FROM LIABILITY FOR PERFORMANCE OF DUTY. A trust manager of a real estate investment trust may not be held liable to the real estate investment trust for an act, omission, loss, damage, or expense arising from the performance of the trust manager's duties under the trust, except for liability arising from the wilful misfeasance, wilful malfeasance, or gross negligence of the trust manager.

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Sec. 200.314. IMMUNITY FROM LIABILITY FOR PERFORMANCE OF DUTY. A trust manager of a real estate investment trust may not be held liable to the real estate investment trust for an act, omission, loss, damage, or expense arising from the performance of the trust manager's duties under the trust, except for liability arising from the wilful misfeasance, wilful malfeasance, or gross negligence of the trust manager.