An organization:

1. (1) retains ownership of property purchased using the organization's money and held in the organization's name; and
2. (2) may acquire items by gift, grant, or purchase using the organization's money.

Added by Acts 2025, 89th Leg., R.S., Ch. 948 (H.B. 4187), Sec. 5, eff. September 1, 2025.