Texas Transportation Code 680.004 – Civil Penalty
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Terms Used In Texas Transportation Code 680.004
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A partnership, firm, corporation, or association that violates Section 680.002 is liable to the state for a civil penalty of not more than $500 for each offense.