Texas Local Government Code 507.101 – General Powers and Limitations of Corporation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 507.101
- 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 spaceport development corporation:
(1) has the powers granted by this chapter and by other chapters of this subtitle; and
(2) is subject to the limitations of a corporation authorized to be created under another provision of this subtitle.