Texas Property Code 208.003 – Historic Neighborhood Preservation Association
Current as of: 2024 | Check for updates
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(a) A historic neighborhood preservation association must:
(1) be a Texas nonprofit corporation or limited liability company organized, in part, to encourage the preservation of property in a historic neighborhood; and
(2) open its membership to all owners of property in the historic neighborhood.
(b) A historic neighborhood preservation association may be composed of only a portion of the owners of property in the historic neighborhood.
Terms Used In Texas Property Code 208.003
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Property: means real and personal property. See Texas Government Code 311.005
(c) A historic neighborhood preservation association may be a property owners’ association or an organization that is qualified as a charitable organization under Section 501(c)(3) of the Internal Revenue Code of 1986.
(d) A statement in the articles of incorporation or association, bylaws, regulations, or operating agreement of the historic neighborhood preservation association is prima facie evidence of compliance with Subsection (a).