Texas § BO.200.204 - RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS
Full text of Texas The Texas Constitution § BO.200.204 — RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS, with citation guidance and answers to common questions.
§ BO.200.204. RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS
RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS. (a) A real estate investment trust, by resolution of the trust managers of the real estate investment trust, may: (1) create a reserve out of the surplus of the real estate investment trust; or (2) designate or allocate in any manner a part or all of the real estate investment trust's surplus for a proper purpose. (b) A real estate investment trust may increase, decrease, or abolish a reserve, designation, or allocation in the manner provided by Subsection (a). Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.200.204
What does The Texas Constitution § BO.200.204 cover?
Section BO.200.204 ("RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.200.204?
A common citation format is "The Texas Constitution § BO.200.204" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.200.204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.