Tex. Gov't Code Section 4005.053
Nonprofit Corporations


The exemption provided by Section 4005.051 (Scope of Exemption) applies to a security issued and sold by a domestic corporation that:

(1)

is not organized and engaged in business for profit; and

(2)

does not have capital stock.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.

Source: Section 4005.053 — Nonprofit Corporations, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­4005.­htm#4005.­053 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 4005.053’s source at texas​.gov