Sec. 2.008. NONPROFIT CORPORATIONS. A corporation formed for the purpose of operating a nonprofit institution, including an institution devoted to a charitable, benevolent, religious, patriotic, civic, cultural, missionary, educational, scientific, social, fraternal, athletic, or aesthetic purpose, may be formed and governed only as a nonprofit corporation under this code and not as a for-profit corporation under this code.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 2 - Purposes and Power of Domestic Entity
Subchapter A. Purposes of Domestic Entity
Section 2.001. General Scope of Permissible Purposes
Section 2.002. Purposes of Nonprofit Entity
Section 2.003. General Prohibited Purposes
Section 2.004. Limitation on Purposes of Professional Entity
Section 2.005. Limitation in Governing Documents
Section 2.007. Additional Prohibited Activities of For-Profit Corporation
Section 2.008. Nonprofit Corporations
Section 2.009. Permissible Purpose of Nonprofit Corporation Related to Organized Labor
Section 2.010. Prohibited Activities of Nonprofit Corporation
Section 2.011. Purposes of Cooperative Association
Section 2.012. Limitation on Purposes of Real Estate Investment Trust