Texas Finance Code Chapter 97 – Holding Companies
Current as of: 2024 | Check for updates
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Other versions
| Sections | ||
|---|---|---|
| Subchapter A | General Provisions Applicable to Holding Companies | 97.001 – 97.007 |
| Subchapter B | Mutual Holding Companies | 97.051 – 97.053 |
Terms Used In Texas Finance Code Chapter 97 - Holding Companies
- 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.
- Effects: includes all personal property and all interest in that property. See Texas Government Code 312.011
- 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.
- Rule: includes regulation. See Texas Government Code 311.005
- Service of process: The service of writs or summonses to the appropriate party.