Tex. Bus. Org. Code § 2.102
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
To effect its purposes, a domestic nonprofit entity or institution formed for a religious, charitable, educational, or eleemosynary purpose may acquire, own, hold, mortgage, and dispose of and invest its funds in property for the use and benefit of, under the discretion of, and in trust for a convention, conference, or association organized under the laws of this state or another state with which it is affiliated or by which it is controlled.
Tex. Bus. Org. Code § 2.102