Sec. 10.108. SPECIAL PROVISIONS APPLYING TO NONPROFIT CORPORATION AND NONPROFIT ASSOCIATION CONVERSIONS. A domestic nonprofit corporation or nonprofit association may not convert into a for-profit entity.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 75 (S.B. 1518), Sec. 5, eff. September 1, 2017.
Structure Texas Statutes
Chapter 10 - Mergers, Interest Exchanges, Conversions, and Sales of Assets
Section 10.101. Conversion of Domestic Entities
Section 10.102. Conversion of Non-Code Organizations
Section 10.1025. Conversion and Continuance
Section 10.103. Plan of Conversion: Required Provisions
Section 10.104. Plan of Conversion: Permissive Provisions
Section 10.105. Effectiveness of Conversion
Section 10.106. General Effect of Conversion
Section 10.107. Special Provisions Applying to Partnership Conversions
Section 10.109. Special Provisions Applying to Conversion and Continuance