Texas § 23.109 AUTHORITY REGARDING LOANS.

Texas Statutes

§ 23.109 — AUTHORITY REGARDING LOANS.

Texas § 23.109

Code BOBusiness Organizations Code

This text of Texas § 23.109 (AUTHORITY REGARDING LOANS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 23.109 (2026).

Text

Sec. 23.109. AUTHORITY REGARDING LOANS.

(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.

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Sec. 23.109. AUTHORITY REGARDING LOANS. (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.