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Texas Business Organizations Code

§ 22.404 — POWER TO ACT AS TRUSTEE

BO § 22.404Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. I. CHURCH BENEFITS BOARDS

Statute text

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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.

Legislative history

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

Source: Texas Business Organizations Code § 22.404 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.