Texas Business Organizations Code - Section 252.015. Transition Concerning Real And Personal Property
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 252.015. Transition Concerning Real And Personal Property
§ 252.015. TRANSITION CONCERNING REAL AND PERSONAL
PROPERTY. If, before September 1, 1995, an estate or interest in
real or personal property was by the terms of the transfer
purportedly transferred to a nonprofit association, but under the
law the estate or interest was vested in a fiduciary such as
officers of the nonprofit association to hold the estate or
interest for members of the nonprofit association, on or after
September 1, 1995, the fiduciary may transfer the estate or
interest to the nonprofit association in its name, or the nonprofit
association, by appropriate proceedings, may require that the
estate or interest be transferred to it in its name.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 252.008 252.009 252.010 252.011 252.012 252.013 252.014 252.015 252.016 252.017 301.001 301.002 301.003 301.004 301.005
Last modified: August 11, 2007
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