Texas Business Organizations Code 2.002 – Purposes of Nonprofit Entity
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 2.002
- Association: means an entity governed as an association under Title 6 or 7. See Texas Business Organizations Code 1.002
- Domestic: means , with respect to an entity, that the entity is formed under this code or the entity's internal affairs are governed by this code. See Texas Business Organizations Code 1.002
- Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
The purpose or purposes of a domestic nonprofit entity may include one or more of the following purposes:
(1) serving charitable, benevolent, religious, eleemosynary, patriotic, civic, missionary, educational, scientific, social, fraternal, athletic, aesthetic, agricultural, and horticultural purposes;
(2) operating or managing a professional, commercial, or trade association or labor union;
(3) providing animal husbandry; or
(4) operating on a nonprofit cooperative basis for the benefit of its members.