Tex. Bus. Org. Code § 252.001 - Definitions
|Cite as:||Tex. Bus. Org. Code § 252.001|
|Currency:||Current with legislation from the 2019 Regular Session effective as of December 31, 2020|
In this chapter:
(1) "Member" means a person who, under the rules or practices of a nonprofit association, may participate in the selection of persons authorized to manage the affairs of the nonprofit association or in the development of policy of the nonprofit association.
(2) "Nonprofit association" means an unincorporated organization, other than one created by a trust, consisting of three or more members joined by mutual consent for a common, nonprofit purpose. A form of joint tenancy, tenancy in common, or tenancy by the entirety does not by itself establish a nonprofit association, regardless of whether the co-owners share use of the property for a no...
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