Texas Health and Safety Code 264.050 – Legal Investments
Current as of: 2024 | Check for updates
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Terms Used In Texas Health and Safety Code 264.050
- 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.
Bonds of the authority are legal and authorized investments for:
(1) a bank;
(2) a savings bank;
(3) a trust company;
(4) a savings and loan association;
(5) an insurance company; or
(6) the sinking fund of a political corporation or subdivision of the state, including a municipality, county, or school district.