Sec. 251.052. NONPROFIT CORPORATION. The corporation is a public nonprofit corporation and has all the powers and duties incident to a nonprofit corporation under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes), except that the corporation:
(1) may not make donations for the public welfare or for charitable, scientific, or educational purposes or in aid of war activities;
(2) may not merge or consolidate with another corporation;
(3) is not subject to voluntary or involuntary dissolution; and
(4) may not be placed in receivership.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 18.17(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 5 - Provisions Affecting the Operation of Utility Facilities
Chapter 251 - Underground Facility Damage Prevention and Safety
Subchapter B. Texas Underground Facility Notification Corporation
Section 251.052. Nonprofit Corporation
Section 251.053. Application of Open Meetings and Open Records Laws
Section 251.054. Expenses and Liabilities of Corporation
Section 251.055. Board of Directors
Section 251.057. Declaration of Board Vacancy
Section 251.059. Entitlement to Vote
Section 251.060. Duties of Corporation
Section 251.061. Contract for Statewide Toll-Free Number and Call Router System