Texas Business and Commerce Code 681.164 – City of Houston, Port of Houston Authority, or Houston Foreign-Trade Zone Corporation
Current as of: 2024 | Check for updates
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Terms Used In Texas Business and Commerce Code 681.164
- 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.
The City of Houston, the Port of Houston Authority, and the Houston Foreign-Trade Zone, Incorporated, a private corporation organized under the laws of this state, may each:
(1) apply for and accept a grant of authority to establish, operate, and maintain:
(A) a foreign trade zone at the Houston port of entry; and
(B) any subzones of that zone; and
(2) if the grant of authority is approved, take any action necessary to establish, operate, and maintain the foreign trade zone.