Texas Tax Code 351.154 – Nonprofit Corporation as Municipal Agent
Current as of: 2024 | Check for updates
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Terms Used In Texas Tax Code 351.154
- 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 municipality may authorize a nonprofit corporation to act on behalf of the municipality for any purpose under this subchapter.