Texas Government Code 4003.251 – Definition
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Terms Used In Texas Government Code 4003.251
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
In this subchapter, “authorized small business development entity” means:
(1) a Type A corporation authorized under Chapter 504, Local Government Code;
(2) a Type B corporation authorized under Chapter 505, Local Government Code;
(3) a nonprofit organization authorized by an agency or authority of the federal government to distribute housing and community development block grants;
(4) a municipal corporation;
(5) the Texas Veterans Commission; or
(6) a nonprofit community development financial institution certified by the Community Development Financial Institutions Fund.