Texas Business Organizations Code - Section 200.110. Subscriptions
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§ 200.110. SUBSCRIPTIONS. (a) A real estate investment
trust may accept a subscription by notifying the subscriber in
writing.
(b) A subscription to purchase shares in a real estate
investment trust that is in the process of being formed is
irrevocable for six months if the subscription is in writing and
signed by the subscriber unless the subscription provides for a
longer or shorter period or all of the other subscribers agree to
the revocation of the subscription.
(c) A written subscription entered into after the real
estate investment trust is formed is a contract between the
subscriber and the real estate investment trust.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 200.103 200.104 200.105 200.106 200.107 200.108 200.109 200.110 200.111 200.112 200.113 200.151 200.152 200.153 200.154
Last modified: August 11, 2007
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