(a) The board may contract with a nonprofit corporation for the corporation to provide administrative and other personnel for the operation of the hospital facilities.
(b) The term of the contract may not exceed 25 years from the date the contract is executed.

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Terms Used In Texas Special District Local Laws Code 1077.061

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.