Amount of Consideration For Issuance of Shares With Par Value

Tex. Business Organizations Code § 200.107, under Chapter 200.

Tex. Business Organizations Code § 200.107

Sec. 200.107. AMOUNT OF CONSIDERATION FOR ISSUANCE OF SHARES WITH PAR VALUE. Consideration to be received by a real estate investment trust for the issuance of shares with par value may not be less than the par value of the shares. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.