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Texas Health and Safety Code - HEALTH & SAFETY § 711.023. Rights of Plot Owners in Cemetery Operated by Nonprofit Cemetery Corporation

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A person who purchases a plot from a nonprofit cemetery corporation is a shareholder of the corporation. The person may vote in the election of corporate officers and on other matters to the same extent as a stockholder in another corporation.

(b) An owner of a plot in a cemetery operated by a nonprofit corporation is a shareholder in any corporation that owns the cemetery. The plot owner may exercise the rights and privileges of a shareholder, whether the owner acquired title to the plot from the corporation or before the corporation was organized.

(c) This section does not apply to a nonprofit cemetery corporation formed before September 1, 1963, if:

(1) the corporation was formed under Subdivision 87, Article 1302, Revised Statutes; and

(2) the charter or the articles of incorporation of the corporation provide that the corporation has no capital stock.

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Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 711.023. Rights of Plot Owners in Cemetery Operated by Nonprofit Cemetery Corporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-711-023/

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