Tex. Bus. Orgs. Code Section 252.004
Real and Personal Property; Nonprofit Association as Beneficiary

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

Source: Section 252.004 — Real and Personal Property; Nonprofit Association as Beneficiary, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­252.­htm#252.­004 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 252.004’s source at texas​.gov