Texas Utilities Code

§ 251.052 — NONPROFIT CORPORATION

UT § 251.052Title 5. PROVISIONS AFFECTING THE OPERATION OF UTILITY FACILITIES · Ch. 251. UNDERGROUND FACILITY DAMAGE PREVENTION AND SAFETY · Art. B. TEXAS UNDERGROUND FACILITY NOTIFICATION CORPORATION

Statute text

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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.

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 18.17(a), eff. Sept. 1, 1999.