Texas Local Government Code 507.004 – Contents of Certificate of Formation
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Terms Used In Texas Local Government Code 507.004
- 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.
The certificate of formation of a spaceport development 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 entity specifies.