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Tex. Bus. Orgs. Code § 200.302

DESIGNATION OF TRUST MANAGERS

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

(a) The certificate of formation of a real estate investment trust must contain the name of each trust manager.

(b) A successor trust manager must be selected in accordance with the certificate of formation. The selection of a successor trust manager is considered an amendment to the certificate of formation of a real estate investment trust.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.