Sec. 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, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 2 - Purposes and Power of Domestic Entity
Subchapter B. Powers of Domestic Entity
Section 2.102. Additional Powers of Nonprofit Entity or Institution
Section 2.103. Power to Incur Indebtedness
Section 2.104. Power to Make Guaranties
Section 2.105. Additional Powers of Certain Pipeline Businesses
Section 2.106. Power of Nonprofit Corporation to Serve as Trustee
Section 2.108. Powers of Professional Association
Section 2.109. Powers of Professional Corporation
Section 2.110. Powers of Cooperative Association
Section 2.111. Limitation on Powers of Cooperative Association
Section 2.112. Stated Powers in Subchapter Sufficient
Section 2.113. Limitation on Powers
Section 2.114. Certificated Indebtedness; Manner of Issuance; Signature and Seal