Texas Business Organizations Code - Section 2.102. Additional Powers Of Nonprofit Entity Or Institution
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§ 2.102. ADDITIONAL POWERS OF NONPROFIT ENTITY OR
INSTITUTION. To effect its purposes, a domestic nonprofit entity
or institution formed for a religious, charitable, educational, or
eleemosynary purpose may acquire, own, hold, mortgage, and dispose
of and invest its funds in property for the use and benefit of,
under the discretion of, and in trust for a convention, conference,
or association organized under the laws of this state or another
state with which it is affiliated or by which it is controlled.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 2.007 2.008 2.009 2.010 2.011 2.012 2.101 2.102 2.103 2.104 2.105 2.106 2.107 2.108 2.109
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Last modified: August 10, 2007
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