Texas Local Government Code 505.004 – Contents of Certificate of Formation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 505.004
- 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.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
The certificate of formation of a Type B corporation:
(1) must state that the corporation is governed by this chapter; and
(2) may include in the corporation’s name any word or phrase the authorizing municipality specifies.