Sec. 200.054. ADOPTION OF AMENDMENT BY TRUST MANAGERS. If a real estate investment trust does not have any issued and outstanding shares, the trust managers may adopt a proposed amendment to the real estate investment trust's certificate of formation by resolution without shareholder approval. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Adoption of Amendment By Trust Managers
Tex. Business Organizations Code § 200.054, under Chapter 200.
Tex. Business Organizations Code § 200.054