Texas Business and Commerce Code 681.174 – City of San Antonio or Designee
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(a) The City of San Antonio, or a nonprofit corporation organized under the laws of this state and designated by the City of San Antonio, may apply for and accept a grant of authority to establish, operate, and maintain:
(1) a foreign trade zone at or adjacent to any port of entry in Bexar County; and
(2) other subzones.
(b) After a nonprofit corporation has accepted a grant of authority to establish, operate, and maintain a foreign trade zone under this section, the City of San Antonio may not exercise any further control or supervision over the corporation with regard to:
(1) the naming of directors and officers of the corporation; or
(2) the corporation’s internal management or organization.
Terms Used In Texas Business and Commerce Code 681.174
- 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.