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Current as of January 01, 2024 | Updated by Findlaw Staff
When authorized by the corporation's members or as otherwise provided by law, a domestic or foreign nonprofit corporation formed for a religious purpose may provide, directly or through a separate church benefits board, for the support and payment of benefits and pensions to:
(1) the ministers, teachers, employees, trustees, directors, or other functionaries of the corporation;
(2) the ministers, teachers, employees, trustees, directors, or other functionaries of organizations controlled by or affiliated with a church or a conference, convention, or association of churches under the jurisdiction and control of the corporation; and
(3) the spouse, children, dependents, or other beneficiaries of the persons described by Subdivisions (1) and (2).
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 22.402. Pensions and Benefits - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-22-402/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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