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Texas Business Organizations Code - Section 200.059. Dual Authority

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 200.059. Dual Authority

§ 200.059. DUAL AUTHORITY.  Unless the certificate of 
formation or a bylaw adopted by the shareholders provides otherwise 
as to all or a part of a real estate investment trust's bylaws, the 
shareholders of a real estate investment trust may amend, repeal, 
or adopt the bylaws of the real estate investment trust even if the 
bylaws may also be amended, repealed, or adopted by the trust 
managers of the real estate investment trust.

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007