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Texas Statutes (Last Updated: January 4, 2014) |
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HEALTH AND SAFETY CODE |
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Title 8. DEATH AND DISPOSITION OF THE BODY |
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Subtitle C. CEMETERIES AND CREMATORIES |
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Chapter 711. GENERAL PROVISIONS RELATING TO CEMETERIES |
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Subchapter B. CEMETERY CORPORATIONS |
Sec. 711.023. RIGHTS OF PLOT OWNERS IN CEMETERY OPERATED BY NONPROFIT CEMETERY CORPORATION
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(a) A person who purchases a plot from a nonprofit cemetery corporation is a shareholder of the corporation. The person may vote in the election of corporate officers and on other matters to the same extent as a stockholder in another corporation.
(b) An owner of a plot in a cemetery operated by a nonprofit corporation is a shareholder in any corporation that owns the cemetery. The plot owner may exercise the rights and privileges of a shareholder, whether the owner acquired title to the plot from the corporation or before the corporation was organized.
(c) This section does not apply to a nonprofit cemetery corporation formed before September 1, 1963, if:
(1) the corporation was formed under Subdivision 87, Article 1302, Revised Statutes; and
(2) the charter or the articles of incorporation of the corporation provide that the corporation has no capital stock.