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Terms Used In Texas Business Organizations Code 21.110

  • 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.
  • Corporation: means an entity governed as a corporation under Title 2 or 7. See Texas Business Organizations Code 1.002
  • Law: means , unless the context requires otherwise, both statutory and common law. See Texas Business Organizations Code 1.002

This subchapter does not prohibit or impair any agreement between two or more shareholders, or between the corporation and one or more of the corporation‘s shareholders, permitted by Title 1, this chapter, or other law.