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79R7292 DWS-D
By: Puente H.B. No. 2045
A BILL TO BE ENTITLED
AN ACT
relating to incorporation of a water supply and sewer service
corporation as a nonprofit corporation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2.010, Business Organizations Code, is
amended to read as follows:
Sec. 2.010. PROHIBITED ACTIVITIES OF NONPROFIT
CORPORATION. A nonprofit corporation may not be organized or
registered under this code to conduct its affairs in this state to[:
[(1)] engage in or operate as a group hospital
service, rural credit union, agricultural and livestock pool,
mutual loan corporation, cooperative association under Chapter
251, cooperative credit association, farmers' cooperative society,
Co-operative Marketing Act corporation, rural electric cooperative
corporation, telephone cooperative corporation, or fraternal
organization operating under the lodge system and incorporated
under Subchapter C, Chapter 23[; or
[(2) engage in water supply or sewer service as an
entity incorporated under Chapter 67, Water Code].
SECTION 2. This Act takes effect January 1, 2006.