Texas Business Organizations Code

§ 22.402 — PENSIONS AND BENEFITS

BO § 22.402Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. I. CHURCH BENEFITS BOARDS

Statute text

When authorized by the corporation's members or as otherwise provided by law, a domestic or foreign nonprofit corporation formed for a religious purpose may provide, directly or through a separate church benefits board, for the support and payment of benefits and pensions to:

(1)the ministers, teachers, employees, trustees, directors, or other functionaries of the corporation;

(2)the ministers, teachers, employees, trustees, directors, or other functionaries of organizations controlled by or affiliated with a church or a conference, convention, or association of churches under the jurisdiction and control of the corporation; and

(3)the spouse, children, dependents, or other beneficiaries of the persons described by Subdivisions (1) and (2).

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.