Tex. Bus. Org. Code § 2.008
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A corporation formed for the purpose of operating a nonprofit institution, including an institution devoted to a charitable, benevolent, religious, patriotic, civic, cultural, missionary, educational, scientific, social, fraternal, athletic, or aesthetic purpose, may be formed and governed only as a nonprofit corporation under this code and not as a for-profit corporation under this code.
Tex. Bus. Org. Code § 2.008