Texas Transportation Code 431.027 – Effect of Issuance of Certificate of Incorporation
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(a) A corporation‘s existence begins when its certificate of incorporation is issued.
(b) After the issuance of the certificate of incorporation, the incorporation may not be contested for any reason.
Terms Used In Texas Transportation Code 431.027
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(c) A certificate of incorporation is conclusive evidence that:
(1) all conditions for incorporation required of the incorporators and the commission are satisfied; and
(2) the corporation is incorporated under this chapter.