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Texas Business Organizations Code

§ 252.004 — REAL AND PERSONAL PROPERTY; NONPROFIT ASSOCIATION AS BENEFICIARY

BO § 252.004Title 6. ASSOCIATIONS · Ch. 252. UNINCORPORATED NONPROFIT ASSOCIATIONS

Statute text

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(a)A nonprofit association in its name may acquire, hold, encumber, or transfer an estate or interest in real or personal property.
(b)A nonprofit association may be a beneficiary of a trust, contract, or will.

Legislative history

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

Source: Texas Business Organizations Code § 252.004 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.