Texas Special District Local Laws Code 3503.008 – Applicability of State Regulatory Authority
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Terms Used In Texas Special District Local Laws Code 3503.008
- 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.
The authority is subject to the regulatory authority of the state, including any state agency, to the same extent as a municipal corporation.