Texas Business Organizations Code - Section 23.108. Authority Regarding Property
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§ 23.108. AUTHORITY REGARDING PROPERTY. (a) A grand body
or subordinate body may acquire and hold property as necessary or
convenient for a site on which to erect a building for the use and
occupancy of the body and to erect homes and schools for members'
widows or orphans or elderly, disabled, or indigent members and may
sell or mortgage the property.
(b) A conveyance must be executed by the presiding officer
and attested to by the secretary with the seal.
(c) The authority of a subordinate body to sell or to
mortgage property is subject to the conditions periodically
prescribed or established by the grand body to which the
subordinate is attached.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 23.101 23.102 23.103 23.104 23.105 23.106 23.107 23.108 23.109 23.110 101.001 101.051 101.052 101.053 101.054
Last modified: August 11, 2007
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