Texas Government Code Chapter 488 – Southeast Texas Biotechnology Park
Current as of: 2024 | Check for updates
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| § 488.001 | Coalition Establishment |
| § 488.002 | Purpose; Location |
| § 488.003 | Coalition Members |
| § 488.004 | Nonprofit Corporation |
| § 488.005 | Land and Infrastructure |
| § 488.006 | Investment; Funding |
Terms Used In Texas Government Code Chapter 488 - Southeast Texas Biotechnology Park
- 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.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- 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.