Texas Utilities Code 161.004 – Certain Corporate Names Prohibited
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Terms Used In Texas Utilities Code 161.004
- 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.
A corporation organized under the laws of this state or authorized to do business in this state may not use the words “electric cooperative” in the corporation’s name unless the corporation is organized under this chapter.