Tex. Insurance Code § 961.051
This is the official text of Tex. Insurance Code § 961.051, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 961.051. FILING OF CERTIFICATE OF FORMATION; NONPROFIT STATUS REQUIRED.
Official statutory text
(a) Seven or more persons may file with the secretary of state a certificate of formation in accordance with Title 1, Business Organizations Code, to form a nonprofit legal services corporation.
(a-1) Notwithstanding Subsection (a), a nonprofit legal services corporation that on or before September 1, 2019, was organized under the former Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) or was formed under the Texas Nonprofit Corporation Law, as described by Section 1.008, Business Organizations Code, is a nonprofit legal services corporation for purposes of this chapter.
(b) A nonprofit legal services corporation must be governed and operated as a nonprofit organization.
(a-1) Notwithstanding Subsection (a), a nonprofit legal services corporation that on or before September 1, 2019, was organized under the former Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) or was formed under the Texas Nonprofit Corporation Law, as described by Section 1.008, Business Organizations Code, is a nonprofit legal services corporation for purposes of this chapter.
(b) A nonprofit legal services corporation must be governed and operated as a nonprofit organization.
Status: in_force · Read it on the official government site
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