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Tex. Government Code § 442.158

OWNERSHIP AND ACQUISITION OF PROPERTY

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 442.158, OWNERSHIP AND ACQUISITION OF PROPERTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/654164
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The foundation: (1) retains ownership of property purchased using the foundation's money and held in the foundation's name; and (2) may acquire items by gift, grant, or purchase using the foundation's money.