{"data":{"id":"us-tx/tex.-business-organizations-code-22.403","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 22.403","heading":"CONTRIBUTIONS.","body":"(a) A church benefits board may provide for:\n(1) the collection of contributions and other payments to assist in providing pensions and benefits under this subchapter; and\n(2) the creation, maintenance, investment, management, and disbursement of necessary annuities, endowments, reserves, or other funds for a purpose under Subdivision (1).\n(b) A church benefits board may receive payments from a trust fund or corporation that funds a church plan as defined by Section 414(e), Internal Revenue Code.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 22. NONPROFIT CORPORATIONS","SUBCHAPTER I. CHURCH BENEFITS BOARDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.22.htm#22.403","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"e7d32a7fdb968c69a231ce6ade2dc3c2ad47ebb1fd6688febac7ca3a80a8ed84","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-22.402","next":"us-tx/tex.-business-organizations-code-22.404"},"notice":"GroundRules: Original legal text. Not legal advice."}