Sec. 252.004. REAL AND PERSONAL PROPERTY; NONPROFIT ASSOCIATION AS BENEFICIARY. (a) A nonprofit association in its name may acquire, hold, encumber, or transfer an estate or interest in real or personal property. (b) A nonprofit association may be a beneficiary of a trust, contract, or will. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Real and Personal Property; Nonprofit Association As Beneficiary
Tex. Business Organizations Code § 252.004, under Chapter 252.
Tex. Business Organizations Code § 252.004