Texas Business Organizations Code 23.052 – Organizers
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Terms Used In Texas Business Organizations Code 23.052
- Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
Subject to The Securities Act (Title 12, Government Code), 25 or more persons, the majority of whom must be residents of this state, may form a business development corporation to promote, develop, and advance the prosperity and economic welfare of this state.