Tex. Business Organizations Code § 200.211
This is the official text of Tex. Business Organizations Code § 200.211, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 200.211. SPLIT-UP OR DIVISION OF SHARES.
Official statutory text
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.
Status: in_force · Read it on the official government site
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