Terms Used In Texas Health and Safety Code Chapter 261 > Subchapter C - Liability of Nonprofit Management Contractor

• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Impacted property: means that real property located in Grayson County adjacent to or near the western end of Eisenhower State Park that is described as:
  (A) Lots 54-79 in "Elm Ridge Homesite Area" as described on a survey and plat of this area by B. See Texas Parks and Wildlife Code 22.163
• Owner: means the owner or a lessee of impacted property. See Texas Parks and Wildlife Code 22.163
• 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.
• Property: means real and personal property. See Texas Government Code 311.005
• Year: means 12 consecutive months. See Texas Government Code 311.005