Texas § SD.1048.115 - NONPROFIT CORPORATION

Full text of Texas The Texas Constitution § SD.1048.115 — NONPROFIT CORPORATION, with citation guidance and answers to common questions.

§ SD.1048.115. NONPROFIT CORPORATION

NONPROFIT CORPORATION. (a) The district may create and sponsor a nonprofit corporation under the Business Organizations Code and may contribute money to or solicit money for the corporation. (a-1) Expired. (b) The corporation may use money contributed by the district only to provide health care or other services the district is authorized to provide under this chapter. (c) The corporation may invest the corporation's money in any manner in which the district may invest the district's money, including investing money as authorized by Chapter 2256 , Government Code. (d) The board shall establish controls to ensure that the corporation uses its money as required by this section. (e) Expired. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.02, eff. April 1, 2009.

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Frequently Asked Questions About Texas § SD.1048.115

What does The Texas Constitution § SD.1048.115 cover?

Section SD.1048.115 ("NONPROFIT CORPORATION") 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.1048.115?

A common citation format is "The Texas Constitution § SD.1048.115" (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.1048.115 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.