{"data":{"id":"us-tx/tex.-business-organizations-code-2.102","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 2.102","heading":"ADDITIONAL POWERS OF NONPROFIT ENTITY OR INSTITUTION.","body":"To effect its purposes, a domestic nonprofit entity or institution formed for a religious, charitable, educational, or eleemosynary purpose may acquire, own, hold, mortgage, and dispose of and invest its funds in property for the use and benefit of, under the discretion of, and in trust for a convention, conference, or association organized under the laws of this state or another state with which it is affiliated or by which it is controlled.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 1. GENERAL PROVISIONS","CHAPTER 2. PURPOSES AND POWER OF DOMESTIC ENTITY","SUBCHAPTER B. POWERS OF DOMESTIC ENTITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.2.htm#2.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"ca70ea7f85c99179f06fb4622884d954c493c34d9b88a825f6bd3dc0ab82237d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-2.101","next":"us-tx/tex.-business-organizations-code-2.103"},"notice":"GroundRules: Original legal text. Not legal advice."}