Tex. Business Organizations Code § 23.108
This is the official text of Tex. Business Organizations Code § 23.108, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 23.108. AUTHORITY REGARDING PROPERTY.
Official statutory text
(a) A grand body or subordinate body may acquire and hold property as necessary or convenient for a site on which to erect a building for the use and occupancy of the body and to erect homes and schools for members' widows or orphans or elderly, disabled, or indigent members and may sell or mortgage the property.
(b) A conveyance must be executed by the presiding officer and attested to by the secretary with the seal.
(c) The authority of a subordinate body to sell or to mortgage property is subject to the conditions periodically prescribed or established by the grand body to which the subordinate is attached.
(b) A conveyance must be executed by the presiding officer and attested to by the secretary with the seal.
(c) The authority of a subordinate body to sell or to mortgage property is subject to the conditions periodically prescribed or established by the grand body to which the subordinate is attached.
Status: in_force · Read it on the official government site
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