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Texas Business Organizations Code - Section 200.211. Split-Up Or Division Of Shares

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 200.211. Split-Up Or Division Of Shares

§ 200.211. SPLIT-UP OR DIVISION OF SHARES.  The trust 
managers of a real estate investment trust may authorize the real 
estate investment trust to carry out any split-up or division of the 
issued shares of a class of the real estate investment trust into a 
larger number of shares within the same class that does not increase 
the stated capital of the real estate investment trust because the 
split-up or division of issued shares is not a share dividend or a 
distribution.

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007