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Texas Business Organizations Code - Section 200.151. Registered Holders As Owners

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§ 200.151. REGISTERED HOLDERS AS OWNERS. Except as otherwise provided by this code and subject to Chapter 8, Business & Commerce Code, a real estate investment trust may consider the person registered as the owner of a share in the share transfer records of the real estate investment trust at a particular time, including a record date set under Section 6.102, as the owner of that share at that time for purposes of: (1) voting the share; (2) receiving distributions on the share; (3) transferring the share; (4) receiving notice, exercising rights of dissent and appraisal, exercising or waiving a preemptive right, or giving proxies with respect to that share; or (5) entering into agreements with respect to that share in accordance with Section 6.251 or 6.252 or with this subchapter. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007