Tex. Bus. Orgs. Code § 23.109 · Subchapter C. GRAND LODGES
AUTHORITY REGARDING LOANS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A grand body incorporated under this subchapter may:
(1) loan money held and owned by the grand body for charitable purposes, for the endowment of any of the institutions of the grand body, or otherwise; and
(2) secure loans by taking and receiving liens on real property or by another method elected by the grand body.
(b) On sale of real property secured by a lien, a grand body may become the purchaser of the real property and hold title to the property.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.23.htm
- Text hash
- sha256 1a745b1f3ec597c983768ae8d6ed27da43a75c7b852b47c6b4e6a331e58193ed
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.