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Texas Insurance Code - INS § 961.051. Filing of Certificate of Formation;  Nonprofit Status Required

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

(a) Seven or more persons may file with the secretary of state a certificate of formation in accordance with Title 1, Business Organizations Code, to form a nonprofit legal services corporation.

(a-1) Notwithstanding Subsection (a), a nonprofit legal services corporation that on or before September 1, 2019, was organized under the former Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) or was formed under the Texas Nonprofit Corporation Law, as described by Section 1.008, Business Organizations Code, is a nonprofit legal services corporation for purposes of this chapter.

(b) A nonprofit legal services corporation must be governed and operated as a nonprofit organization.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 961.051. Filing of Certificate of Formation;  Nonprofit Status Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-961-051/

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