Texas Water Code 67.002 – Purpose of Corporation
Current as of: 2024 | Check for updates
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Terms Used In Texas Water Code 67.002
- 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.
- 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
A corporation may be organized under this chapter to provide:
(1) water supply, sewer service, or both for a municipality, a private corporation, an individual, or a military camp or base; and
(2) flood control and a drainage system for a political subdivision, private corporation, or another person.