(a) A historic neighborhood preservation association must:
(1) be a Texas nonprofit corporation or limited liability company organized, in part, to encourage the preservation of property in a historic neighborhood; and
(2) open its membership to all owners of property in the historic neighborhood.
(b) A historic neighborhood preservation association may be composed of only a portion of the owners of property in the historic neighborhood.
(c) A historic neighborhood preservation association may be a property owners' association or an organization that is qualified as a charitable organization under Section 501(c)(3) of the Internal Revenue Code of 1986.
(d) A statement in the articles of incorporation or association, bylaws, regulations, or operating agreement of the historic neighborhood preservation association is prima facie evidence of compliance with Subsection (a).