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Texas Business Organizations Code - Section 2.102. Additional Powers Of Nonprofit Entity Or Institution

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 2.102. Additional Powers Of Nonprofit Entity Or Institution

§ 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.                     

Last modified: August 11, 2007