Investments

Sec. 200.351. INVESTMENTS. A trust manager or officer of a real estate investment trust has complete discretion with respect to the investment of the trust estate unless the investment is contrary to or inconsistent with: (1) this chapter; (2) a provision of the Internal Revenue Code relating to or governing real estate investment trusts; or (3) regulations adopted under a provision of the Internal Revenue Code relating to or governing real estate investment trusts. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. SUBCHAPTER I. FUNDAMENTAL BUSINESS TRANSACTIONS