Texas Business and Commerce Code 681.178 – Westport Economic Development Corporation
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Terms Used In Texas Business and Commerce Code 681.178
- 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.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
The Westport Economic Development Corporation, organized as a nonprofit corporation under the laws of this state, with offices at El Paso, El Paso County, may apply for and accept a grant of authority to establish, operate, and maintain:
(1) a foreign trade zone in or adjacent to the United States Customs port of entry at El Paso, El Paso County; and
(2) other subzones.