Texas Business Organizations Code 200.301 – Management by Trust Managers
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Terms Used In Texas Business Organizations Code 200.301
- Real estate investment trust: means an entity governed as a real estate investment trust under Title 5. See Texas Business Organizations Code 1.002
The control, operation, disposition, investment, and management of the trust estate and the powers necessary or appropriate to effect any purpose for which a real estate investment trust is organized are vested in one or more trust managers.
