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Texas Business Organizations Code - Section 200.163. Exceptions To Limitations

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 200.163. Exceptions To Limitations

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§ 200.163. EXCEPTIONS TO LIMITATIONS. Section 200.161 or 200.162 does not limit the obligation of a holder, beneficial owner, or subscriber to the obligee of the real estate investment trust if that person: (1) expressly assumes, guarantees, or agrees to be personally liable to the obligee for the obligation; or (2) is otherwise liable to the obligee for the obligation under this code or other applicable statute. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007