Sec. 200.055. ADOPTION OF AMENDMENT BY SHAREHOLDERS. If a real estate investment trust has issued and outstanding shares:
(1) a resolution described by Section 200.053 must also direct that the proposed amendment be submitted to a vote of the shareholders at a meeting; and
(2) the shareholders must approve the proposed amendment in the manner provided by Section 200.056.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Title 5 - Real Estate Investment Trusts
Chapter 200 - Real Estate Investment Trusts
Subchapter B. Formation and Governing Documents
Section 200.051. Declaration of Trust
Section 200.052. No Property Right in Certificate of Formation
Section 200.053. Procedures to Adopt Amendment to Certificate of Formation
Section 200.054. Adoption of Amendment by Trust Managers
Section 200.055. Adoption of Amendment by Shareholders
Section 200.056. Notice of and Meeting to Consider Proposed Amendment
Section 200.057. Adoption of Restated Certificate of Formation