Tex. Utils. Code Section 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.

Source: Section 251.052 — Nonprofit Corporation, https://statutes.­capitol.­texas.­gov/Docs/UT/htm/UT.­251.­htm#251.­052 (accessed Apr. 13, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 13, 2024

§ 251.052’s source at texas​.gov