Business Organizations Code § 200.206
A real estate investment trust cannot issue certain share dividends unless its surplus is high enough and, for dividends to another class’s holders, unless the certificate of formation or a majority-class approval allows it.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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capital maintenance real estate investment trusts share dividends
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Business Organizations Code § 200.206
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