Texas Business Organizations Code - Section 200.251. Annual Meeting
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 200.251. Annual Meeting
Section: 200.205 200.206 200.207 200.208 200.209 200.210 200.211 200.251 200.252 200.253 200.254 200.255 200.256 200.257 200.258
§ 200.251. ANNUAL MEETING. (a) An annual meeting of the
shareholders of a real estate investment trust shall be held at a
time that is stated in or set in accordance with the bylaws of the
real estate investment trust.
(b) If the annual meeting is not held at the designated
time, a shareholder may by certified or registered mail make a
written request to an officer or trust manager of the real estate
investment trust that the meeting be held within a reasonable time.
If the annual meeting is not called before the 61st day after the
date the request calling for a meeting is made, any shareholder may
bring suit at law or in equity to compel the meeting to be held.
(c) Each shareholder has a justifiable interest sufficient
to enable the shareholder to institute and prosecute a legal
proceeding described by this section.
(d) The failure to hold an annual meeting at the designated
time does not result in the winding up or termination of the real
estate investment trust.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Last modified: August 11, 2007