Texas Business Organizations Code 22.401 – Definition
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 22.401
- Association: means an entity governed as an association under Title 6 or 7. See Texas Business Organizations Code 1.002
- Internal Revenue Code: means the Internal Revenue Code of 1986, as amended. See Texas Business Organizations Code 1.002
- Organization: means a corporation, limited or general partnership, limited liability company, business trust, real estate investment trust, joint venture, joint stock company, cooperative, association, bank, insurance company, credit union, savings and loan association, or other organization, regardless of whether the organization is for-profit, nonprofit, domestic, or foreign. See Texas Business Organizations Code 1.002
In this chapter, “church benefits board” means an organization described by Section 414(e)(3)(A), Internal Revenue Code, that:
(1) has the principal purpose or function of administering or funding a plan or program to provide retirement benefits, welfare benefits, or both for the ministers or employees of a church or a conference, convention, or association of churches; and
(2) is controlled by or affiliated with a church or a conference, convention, or association of churches.