Sec. 842.051.  APPLICATION FOR CORPORATE CHARTER;  NONPROFIT STATUS REQUIRED.  (a)  Seven or more persons, a majority of whom are superintendents of hospitals or physicians licensed by the Texas State Board of Medical Examiners, may apply to the secretary of state for a corporate charter to operate a group hospital service corporation.
(b)  A group hospital service corporation must be governed and operated as a nonprofit organization.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.