Sec. 183.211. APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS. For purposes of applying the provisions of this subtitle other than this subchapter to a limited trust association, as the context requires: (1) a manager and the board of managers are considered to be a director and the board of directors; (2) if there is not a board of managers, a participant is considered to be a director and all of the participants are considered to be the board of directors; (3) a participant or participant-transferee is considered to be a shareholder; (4) a participation share is considered to be a share of stock; and (5) a distribution is considered to be a dividend.
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