Tex. Bus. Org. Code § 200.211
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The trust managers of a real estate investment trust may authorize the real estate investment trust to carry out any split-up or division of the issued shares of a class of the real estate investment trust into a larger number of shares within the same class that does not increase the stated capital of the real estate investment trust because the split-up or division of issued shares is not a share dividend or a distribution.
Tex. Bus. Org. Code § 200.211