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Texas Business Organizations Code - Section 200.160. Liability Regarding Joint Ownership Of Shares

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 200.160. Liability Regarding Joint Ownership Of Shares

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§ 200.160. LIABILITY REGARDING JOINT OWNERSHIP OF SHARES. A real estate investment trust that transfers shares or makes a distribution to a surviving joint owner under Section 200.158 before the real estate investment trust has received a written claim for the shares or distribution from another person is discharged from liability for the transfer or payment. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007