Texas Local Government Code 303.078 – Purchase of Sponsor Obligations
Current as of: 2024 | Check for updates
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Terms Used In Texas Local Government Code 303.078
- 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 sponsor may sell its sponsor obligations to a corporation that the sponsor has created at public or private sale on the terms the governing body of the sponsor determines.