Sec. 431.024. FORM OF CORPORATION. (a) A corporation is a nonmember, nonstock corporation.
(b) A corporation is nonprofit, and its earnings may not benefit a private interest.
(c) A corporation may be created as a perpetual corporation.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
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