Sec. 200.105. TYPES OF CONSIDERATION FOR ISSUANCE OF SHARES. Shares with or without par value may be issued by a real estate investment trust for the following types of consideration: (1) a tangible or intangible benefit to the real estate investment trust; (2) cash; (3) a promissory note; (4) services performed or a contract for services to be performed; (5) a security of the real estate investment trust or any other organization; and (6) any other property of any kind or nature.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.