Texas Statutes
§ 221.034 — NET EARNINGS.
Texas § 221.034
JurisdictionTexas
Code HSHealth and Safety Code
This text of Texas § 221.034 (NET EARNINGS.) 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. Health and Safety Code Code Ann. § 221.034 (2026).
Text
Sec. 221.034. NET EARNINGS. A development corporation is a nonprofit corporation, and no part of its net earnings remaining after payment of its bonds and expenses of accomplishing its public purpose may benefit a person other than the sponsoring entity.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Nearby Sections
15
§ 221.001
SHORT TITLE.§ 221.002
PURPOSE; CONSTRUCTION.§ 221.003
DEFINITIONS.§ 221.004
ADOPTION OF ALTERNATE PROCEDURE.§ 221.005
EFFECT OF CHAPTER ON OTHER LAW.§ 221.011
AUTHORITY TO CREATE.§ 221.012
PROCEDURE.§ 221.013
ARTICLES OF INCORPORATION.§ 221.014
CERTIFICATE OF INCORPORATION.§ 221.015
ORGANIZATIONAL MEETING.§ 221.017
CERTIFICATE OF AMENDMENT.§ 221.018
RESTATED ARTICLES OF INCORPORATION.§ 221.020
REGISTERED OFFICE AND AGENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 221.034, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/HS/221.034.