Sec. 200.056. NOTICE OF AND MEETING TO CONSIDER PROPOSED AMENDMENT. (a) Each shareholder of record entitled to vote shall be given written notice containing the proposed amendment or a summary of the changes to be effected within the time and in the manner provided by this code for giving notice of meetings to shareholders. If the proposed amendment is to be considered at an annual meeting, the proposed amendment or summary may be included in the notice required to be provided for an annual meeting.
(b) At the meeting, the proposed amendment shall be adopted only on receiving the affirmative vote of shareholders entitled to vote required by Section 200.261.
(c) An unlimited number of amendments may be submitted for adoption by the shareholders at a meeting.
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