Sec. 711.042.  AUTHORITY OF NONPROFIT CEMETERY ORGANIZATION.  A nonprofit cemetery organization organized by plot owners may:
(1)  divide cemetery property into lots and subdivisions for cemetery purposes;
(2)  charge assessments on the property for the purposes of general improvement and maintenance;  and
(3)  take any action, to the same extent and for the same purposes as a for-profit cemetery corporation, that is necessary to carry out the organization's business purposes, which include the business purposes necessarily incident to the burial and disposal of human remains, including any action necessary to:
(A)  convey property or other assets of the organization;
(B)  borrow money;
(C)  pledge or mortgage the property or other assets of the organization to secure the organization's indebtedness or other obligations;
(D)  lend money and take security for the loan in furtherance of its business purposes;  and
(E)  conduct any business activity or business directly or by or through one or more subsidiaries.
Added by Acts 1999, 76th Leg., ch. 703, Sec. 2, eff. June 18, 1999.