Texas Local Government Code 379A.003 – Definitions
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Terms Used In Texas Local Government Code 379A.003
- 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.
In this chapter:
(1) “Board” means the board of directors of a municipal development corporation.
(2) “Corporation” means a municipal development corporation created under this chapter.