Texas Government Code 2306.5547 – Division of Responsibility
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Government Code 2306.5547
- 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.
The board of directors of the corporation shall develop and implement policies that clearly separate the policymaking responsibilities of the board of directors and the management responsibilities of the president and the staff of the corporation.