Texas § SD.3503.112 - NONPROFIT CORPORATIONS AND LIMITED LIABILITY COMPANIES
Full text of Texas The Texas Constitution § SD.3503.112 — NONPROFIT CORPORATIONS AND LIMITED LIABILITY COMPANIES, with citation guidance and answers to common questions.
§ SD.3503.112. NONPROFIT CORPORATIONS AND LIMITED LIABILITY COMPANIES
NONPROFIT CORPORATIONS AND LIMITED LIABILITY COMPANIES. (a) The authority may authorize by resolution the creation of a nonprofit corporation under the Business Organizations Code to undertake on behalf of the authority a project described by Section 3503.003 or carry out any other purpose described by that section on the authority's behalf. (a-1) After the creation of a nonprofit corporation under Subsection (a), the authority may authorize by resolution: (1) the creation of a limited liability company under the Business Organizations Code for the purposes described by Subsection (a); and (2) the designation of the nonprofit corporation described by Subsection (a) to participate as a member of the company. (b) The board shall appoint the board of directors of each nonprofit corporation or limited liability company created under this section. A board member is not required to reside in the authority. (c) A board member or employee of the authority may simultaneously serve as a member of the board of directors of a nonprofit corporation or limited liability company created under this section. A person serving as a board member of the authority and of a nonprofit corporation or limited liability company created under this section may participate in all votes relating to the business of the authority, corporation, or company. (d) A nonprofit corporation or limited liability company created under this section may not exercise the power of eminent domain. (e) A nonprofit corporation or limited liability company created under this section is subject to Chapters 551 and 552 , Government Code. Added by Acts 2017, 85th Leg., R.S., Ch. 993 (H.B. 967 ), Sec. 2, eff. September 1, 2017. Amended by: Acts 2023, 88th Leg., R.S., Ch. 112 (S.B. 1187 ), Sec. 2, eff. May 23, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.3503.112
What does The Texas Constitution § SD.3503.112 cover?
Section SD.3503.112 ("NONPROFIT CORPORATIONS AND LIMITED LIABILITY COMPANIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.3503.112?
A common citation format is "The Texas Constitution § SD.3503.112" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.3503.112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.