Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 1. GENERAL PROVISIONS |
Chapter 2. PURPOSES AND POWER OF DOMESTIC ENTITY |
Subchapter A. PURPOSES OF DOMESTIC ENTITY |
Sec. 2.002. PURPOSES OF NONPROFIT ENTITY
Latest version.
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The purpose or purposes of a domestic nonprofit entity may include one or more of the following purposes:
(1) serving charitable, benevolent, religious, eleemosynary, patriotic, civic, missionary, educational, scientific, social, fraternal, athletic, aesthetic, agricultural, and horticultural purposes;
(2) operating or managing a professional, commercial, or trade association or labor union;
(3) providing animal husbandry; or
(4) operating on a nonprofit cooperative basis for the benefit of its members.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.