{"data":{"id":"us-tx/tex.-business-organizations-code-23.109","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 23.109","heading":"AUTHORITY REGARDING LOANS.","body":"(a) A grand body incorporated under this subchapter may:\n(1) loan money held and owned by the grand body for charitable purposes, for the endowment of any of the institutions of the grand body, or otherwise; and\n(2) secure loans by taking and receiving liens on real property or by another method elected by the grand body.\n(b) On sale of real property secured by a lien, a grand body may become the purchaser of the real property and hold title to the property.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 23. SPECIAL-PURPOSE CORPORATIONS","SUBCHAPTER C. GRAND LODGES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.23.htm#23.109","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"0a2566c11fc0783937447253f44a9a261a29336342242d621f47f5e3ca99406e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-23.108","next":"us-tx/tex.-business-organizations-code-23.110"},"notice":"GroundRules: Original legal text. Not legal advice."}