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Texas Utilities Code - UTIL § 251.052. Nonprofit Corporation

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

The corporation is a public nonprofit corporation and has all the powers and duties incident to a nonprofit corporation under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes), except that the corporation:

(1) may not make donations for the public welfare or for charitable, scientific, or educational purposes or in aid of war activities;

(2) may not merge or consolidate with another corporation;

(3) is not subject to voluntary or involuntary dissolution;  and

(4) may not be placed in receivership.

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Cite this article: FindLaw.com - Texas Utilities Code - UTIL § 251.052. Nonprofit Corporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/utilities-code/util-sect-251-052/

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