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Terms Used In Texas Business Organizations Code 21.959

  • 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

Except as provided by § 21.954, this subchapter does not apply to a corporation that is not a public benefit corporation.