Texas Human Resources Code 42.151 – Definitions
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Terms Used In Texas Human Resources Code 42.151
- 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.
In this subchapter:
(1) “Employer-based day-care facility” means a day-care facility that is:
(A) operated by a small employer to provide care to not more than 12 children of the employer’s employees; and
(B) located on the employer’s premises.
(2) “Small employer” means a corporation, partnership, sole proprietorship, or other legal entity that employs fewer than 100 full-time employees.