Sec. 22.404. POWER TO ACT AS TRUSTEE. A church benefits board may act as:
(1) a trustee under a lawful trust committed to the board by contract, will, or otherwise; and
(2) an agent for the performance of a lawful act relating to the purposes of the trust.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 22 - Nonprofit Corporations
Subchapter I. Church Benefits Boards
Section 22.402. Pensions and Benefits
Section 22.404. Power to Act as Trustee
Section 22.405. Documents and Agreements
Section 22.406. Indemnification
Section 22.407. Protection of Benefits