Texas Business Organizations Code 10.108 – Special Provisions Applying to Nonprofit Corporation and Nonprofit Association Conversions
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 10.108
- 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
A domestic nonprofit corporation or nonprofit association may not convert into a for-profit entity.