Texas Health and Safety Code 182.051 – Texas Health Services Authority; Purpose
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(a) The corporation is established to:
(1) promote, implement, and facilitate the voluntary and secure electronic exchange of health information; and
(2) create incentives to promote, implement, and facilitate the voluntary and secure electronic exchange of health information.
(b) The corporation is a public nonprofit corporation and, except as otherwise provided in this chapter, has all the powers and duties incident to a nonprofit corporation under the Business Organizations Code.
Terms Used In Texas Health and Safety Code 182.051
- 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.
(c) The corporation is subject to state law governing nonprofit corporations, except that:
(1) the corporation may not be placed in receivership; and
(2) the corporation is not required to make reports to the secretary of state under § 22.357, Business Organizations Code.
(d) Except as otherwise provided by law, all expenses of the corporation shall be paid from income of the corporation.
(e) The corporation is subject to Chapter 551, Government Code.