Tex. Utilities Code § 251.052

NONPROFIT CORPORATION.

Last amended: 1999Year: 2026Length: 85 wordsOfficial source
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.
Tex. Utilities Code § 251.052: NONPROFIT CORPORATION. | Justis AI