Texas Business Organizations Code - Section 200.112. Commitment In Connection With Purchase Of Shares
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§ 200.112. COMMITMENT IN CONNECTION WITH PURCHASE OF
SHARES. (a) A person who contemplates the acquisition of shares in
a real estate investment trust may commit to act in a specified
manner with respect to the shares after the acquisition, including
the voting of the shares or the retention or disposition of the
shares. To be binding, the commitment must be in writing and be
signed by the person acquiring the shares.
(b) A written commitment entered into under Subsection (a)
is a contract between the shareholder and the real estate
investment trust.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 200.105 200.106 200.107 200.108 200.109 200.110 200.111 200.112 200.113 200.151 200.152 200.153 200.154 200.155 200.156
Last modified: August 11, 2007
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