Texas Finance Code 123.001 – General Powers
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 123.001
- 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.
A credit union may exercise any power necessary or appropriate to accomplish the purposes for which it is organized and any power granted a corporation authorized to do business in this state, including any power specified in this chapter.