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Tex. Health and Safety Code § 221.034

NET EARNINGS

Texas · Texas Health and Safety Code · Status: effective

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Tex. Health and Safety Code § 221.034, NET EARNINGS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/669114
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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.