Texas Utilities Code 161.053 – Name of Electric Cooperative
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Terms Used In Texas Utilities Code 161.053
- 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 name of an electric cooperative must:
(1) include the words “Electric Cooperative”;
(2) include the term “Corporation,” “Incorporated,” “Inc.,” “Association,” or “Company”; and
(3) be distinct from the name of any other corporation organized under the laws of this state.