Tex. Business Organizations Code § 200.306
This is the official text of Tex. Business Organizations Code § 200.306, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 200.306. TERM OF TRUST MANAGER.
Official statutory text
(a) Except as provided by the certificate of formation or bylaws of a real estate investment trust, a trust manager of the real estate investment trust serves until the trust manager's successor is elected.
(b) A trust manager may succeed himself or herself in office.
(c) If a successor trust manager is not elected, the trust manager in office continues to serve as trust manager until the trust manager's successor is elected.
(b) A trust manager may succeed himself or herself in office.
(c) If a successor trust manager is not elected, the trust manager in office continues to serve as trust manager until the trust manager's successor is elected.
Status: in_force · Read it on the official government site
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