Sec. 200.107. AMOUNT OF CONSIDERATION FOR ISSUANCE OF SHARES WITH PAR VALUE. Consideration to be received by a real estate investment trust for the issuance of shares with par value may not be less than the par value of the shares.
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