Texas § FI.183.211 - APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS
Full text of Texas The Texas Constitution § FI.183.211 — APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS, with citation guidance and answers to common questions.
§ FI.183.211. APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS
APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS. For purposes of applying the provisions of this subtitle other than this subchapter to a limited trust association, as the context requires: (1) a manager and the board of managers are considered to be a director and the board of directors; (2) if there is not a board of managers, a participant is considered to be a director and all of the participants are considered to be the board of directors; (3) a participant or participant-transferee is considered to be a shareholder; (4) a participation share is considered to be a share of stock; and (5) a distribution is considered to be a dividend. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.183.211
What does The Texas Constitution § FI.183.211 cover?
Section FI.183.211 ("APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS") 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 § FI.183.211?
A common citation format is "The Texas Constitution § FI.183.211" (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 § FI.183.211 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.