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Terms Used In Texas Local Government Code 506.101

  • 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 county may become a member of an established county alliance that has authorized the creation of a county alliance corporation. The county becomes a member of the county alliance if:
(1) the commissioners court of the county proposing to join the county alliance petitions the board of directors of the established county alliance corporation for admission;
(2) the board approves the admission of the petitioning county; and
(3) the petitioning county:
(A) agrees to abide by the bylaws of the county alliance corporation;
(B) pays a fee to the county alliance as determined by the board; and
(C) meets any other requirement established by the board.