Sec. 200.105. TYPES OF CONSIDERATION FOR ISSUANCE OF SHARES. Shares with or without par value may be issued by a real estate investment trust for the following types of consideration:
(1) a tangible or intangible benefit to the real estate investment trust;
(2) cash;
(3) a promissory note;
(4) services performed or a contract for services to be performed;
(5) a security of the real estate investment trust or any other organization; and
(6) any other property of any kind or nature.
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
Section 200.102. Classification of Shares
Section 200.103. Classes of Shares Established by Trust Managers
Section 200.104. Issuance of Shares
Section 200.105. Types of Consideration for Issuance of Shares
Section 200.106. Determination of Consideration for Shares
Section 200.107. Amount of Consideration for Issuance of Shares With Par Value
Section 200.108. Value of Consideration
Section 200.109. Liability of Assignee or Transferee
Section 200.110. Subscriptions
Section 200.111. Preformation Subscription
Section 200.112. Commitment in Connection With Purchase of Shares