Tex. Bus. Orgs. Code Section 2.010
Prohibited Activities of Nonprofit Corporation

A nonprofit corporation may not be organized or registered under this code to conduct its affairs in this state to:

(1)

engage in or operate as a group hospital service, rural credit union, agricultural and livestock pool, mutual loan corporation, cooperative association under Chapter 251 (Cooperative Associations), cooperative credit association, farmers’ cooperative society, Co-operative Marketing Act corporation, rural electric cooperative corporation, telephone cooperative corporation, or fraternal organization operating under the lodge system and incorporated under Subchapter C (Formation), Chapter 23 (Special-purpose Corporations);

(2)

engage in water supply or sewer service except as an entity incorporated under Chapter 67 (Nonprofit Water Supply or Sewer Service Corporations), Water Code; or

(3)

engage in a business or activity that may not be engaged in by a nonprofit corporation without first obtaining a license under the laws of this state and a license to engage in that business or activity cannot lawfully be granted to the corporation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 4, eff. January 1, 2006.
Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 6, eff. September 1, 2007.

Source: Section 2.010 — Prohibited Activities of Nonprofit Corporation, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­2.­htm#2.­010 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 2.010’s source at texas​.gov