INVESTMENTS.
Tex. BUS. ORGS Code § 200.351.
in effectA 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.
SUBCHAPTER I. FUNDAMENTAL BUSINESS TRANSACTIONS
