Tex. Bus. Org. Code § 200.303
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A trust manager of a real estate investment trust must be an individual. Unless the certificate of formation or bylaws of a real estate investment trust provide otherwise, a person is not required to be a resident of this state or a shareholder of the real estate investment trust to serve as a trust manager. The certificate of formation or bylaws may prescribe other qualifications for trust managers.
Tex. Bus. Org. Code § 200.303