Texas Business Organizations Code - Section 200.105. Types Of Consideration For Issuance Of Shares
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 200.105. Types Of Consideration For Issuance Of Shares
§ 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, § 1, eff. Jan. 1, 2006.
Section: 200.058 200.059 200.060 200.101 200.102 200.103 200.104 200.105 200.106 200.107 200.108 200.109 200.110 200.111 200.112
Last modified: August 11, 2007
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