Texas Business Organizations Code - Section 2.010. Prohibited Activities Of Nonprofit Corporation
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§ 2.010. PROHIBITED ACTIVITIES OF NONPROFIT
CORPORATION. A nonprofit corporation may not be organized or
registered under this code to conduct its affairs in this state to:
(1) engage in or operate as a group hospital service,
rural credit union, agricultural and livestock pool, mutual loan
corporation, cooperative association under Chapter 251,
cooperative credit association, farmers' cooperative society,
Co-operative Marketing Act corporation, rural electric cooperative
corporation, telephone cooperative corporation, or fraternal
organization operating under the lodge system and incorporated
under Subchapter C, Chapter 23; or
(2) engage in water supply or sewer service except as
an entity incorporated under Chapter 67, Water Code.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by
Acts 2005, 79th Leg., ch. 64, § 4, eff. Jan. 1, 2006.
Section: 2.003 2.004 2.005 2.006 2.007 2.008 2.009 2.010 2.011 2.012 2.101 2.102 2.103 2.104 2.105
Last modified: August 11, 2007
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