Texas Education Code 2000.001 – Definitions
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Terms Used In Texas Education Code 2000.001
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
In this chapter:
(1) “Employee welfare benefit plan” has the meaning assigned by Section 3(1), Employee Retirement Income Security Act of 1974 (29 U.S.C. § 1002(1)).
(2) “Private educational institution” means any nonpublic, nonprofit, and accredited school that:
(A) is owned and operated by an individual, religious institution, partnership, association, or corporation, or a department, division, or section of one of those entities; and
(B) designates itself as a private educational center that includes a program of elementary, secondary, religious, college, or university education whose primary purpose is to provide private or religious-based education.