Texas Local Government Code 379A.011 – Creation
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Terms Used In Texas Local Government Code 379A.011
- 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.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
The governing body of a municipality may create a municipal development corporation under this chapter.