Texas Local Government Code 505.005 – Corporation Not Subject to Certain Provisions
Current as of: 2024 | Check for updates
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Terms Used In Texas Local Government Code 505.005
- 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.
Sections 501.203, 501.205, 501.251-501.254, 501.255(a) and (b), 501.256, and 501.257 do not apply to a corporation under this chapter.