Texas Business Organizations Code 5.054 – Name of Corporation, Foreign Corporation, Professional Corporation, or Foreign Professional Corporation
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(a) The name of a corporation or foreign corporation must contain:
(1) the word “company,” “corporation,” “incorporated,” or “limited”; or
(2) an abbreviation of one of those words.
(b) Subsection (a) does not apply to a nonprofit corporation or foreign nonprofit corporation.
Terms Used In Texas Business Organizations Code 5.054
- 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.
- Corporation: means an entity governed as a corporation under Title 2 or 7. See Texas Business Organizations Code 1.002
- Foreign: means , with respect to an entity, that the entity is formed under, and the entity's internal affairs are governed by, the laws of a jurisdiction other than this state. See Texas Business Organizations Code 1.002
- Nonprofit corporation: means a corporation governed as a nonprofit corporation under Chapter 22. See Texas Business Organizations Code 1.002
- Professional corporation: has the meaning assigned by § 301. See Texas Business Organizations Code 1.002
(c) Instead of a word or abbreviation required by Subsection (a), the name of a professional corporation or foreign professional corporation may contain the phrase “professional corporation” or an abbreviation of the phrase.