Texas Local Government Code 501.073 – Supervision by Authorizing Unit
Current as of: 2024 | Check for updates
|
Other versions
(a) The corporation‘s authorizing unit will approve all programs and expenditures of a corporation and annually review any financial statements of the corporation.
(b) A corporation’s authorizing unit is entitled to access to the corporation’s books and records at all times.
Terms Used In Texas Local Government Code 501.073
- 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.