Texas Special District Local Laws Code Chapter 3898 > Subchapter B – Board of Directors
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Special District Local Laws Code Chapter 3898 > Subchapter B - Board of Directors
- Oath: includes affirmation. See Texas Government Code 311.005
- Oath: A promise to tell the truth.
- 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.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Quorum: The number of legislators that must be present to do business.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Trustee: A person or institution holding and administering property in trust.
- Year: means 12 consecutive months. See Texas Government Code 311.005