|Art. 12 sec. 1||Creation of Private Corporations by General Laws Only|
|Art. 12 sec. 2||General Laws for Creation of Private Corporations and Protection of Public and Stockholders|
Terms Used In Texas Constitution > Article 12 - Private Corporations
- 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.