Texas § BO.200.154 - RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES
Full text of Texas The Texas Constitution § BO.200.154 — RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES, with citation guidance and answers to common questions.
§ BO.200.154. RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES
RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES. (a) A restriction on the transfer or registration of transfer of a security may be imposed by: (1) the real estate investment trust's certificate of formation; (2) the real estate investment trust's bylaws; (3) a written agreement among two or more holders of the securities; or (4) a written agreement among one or more holders of the securities and the real estate investment trust if: (A) the real estate investment trust files a copy of the agreement at the principal place of business or registered office of the real estate investment trust; and (B) the copy of the agreement is subject to the same right of examination by a shareholder of the real estate investment trust, in person or by agent, attorney, or accountant, as the books and records of the real estate investment trust. (b) A restriction imposed under Subsection (a) is not valid with respect to a security issued before the restriction has been adopted, unless the holder of the security voted in favor of the restriction or is a party to the agreement imposing the restriction. 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.200.154
What does The Texas Constitution § BO.200.154 cover?
Section BO.200.154 ("RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES") 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.200.154?
A common citation format is "The Texas Constitution § BO.200.154" (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.200.154 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.