Texas Water Code 67.004 – Application of Texas Non-Profit Corporation Act
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Water Code 67.004
- 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.
To the extent it does not conflict with this chapter, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon’s Texas Civil Statutes) applies to a corporation created under:
(1) this chapter; or
(2) Chapter 76, Acts of the 43rd Legislature, 1st Called Session, 1933 (Article 1434a, Vernon’s Texas Civil Statutes).