Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Subchapter A. General Provisions
Section 221.001. Short Title - Sec. 221.001. SHORT TITLE. This chapter may be cited as...
Section 221.002. Purpose; Construction - Sec. 221.002. PURPOSE; CONSTRUCTION. (a) The purpose of this chapter...
Section 221.003. Definitions - Sec. 221.003. DEFINITIONS. In this chapter: (1) "Board of directors"...
Section 221.004. Adoption of Alternate Procedure - Sec. 221.004. ADOPTION OF ALTERNATE PROCEDURE. If a court holds...
Section 221.005. Effect of Chapter on Other Law - Sec. 221.005. EFFECT OF CHAPTER ON OTHER LAW. (a) This...
Subchapter B. Creation and Operation of Development Corporation
Section 221.011. Authority to Create - Sec. 221.011. AUTHORITY TO CREATE. (a) A sponsoring entity may...
Section 221.012. Procedure - Sec. 221.012. PROCEDURE. (a) If the governing body of a...
Section 221.013. Articles of Incorporation - Sec. 221.013. ARTICLES OF INCORPORATION. (a) The articles of incorporation...
Section 221.014. Certificate of Incorporation - Sec. 221.014. CERTIFICATE OF INCORPORATION. (a) The incorporators shall deliver...
Section 221.015. Organizational Meeting - Sec. 221.015. ORGANIZATIONAL MEETING. (a) After issuance of the certificate...
Section 221.017. Certificate of Amendment - Sec. 221.017. CERTIFICATE OF AMENDMENT. (a) The original and two...
Section 221.018. Restated Articles of Incorporation - Sec. 221.018. RESTATED ARTICLES OF INCORPORATION. (a) A development corporation...
Section 221.019. Restated Certificate of Incorporation - Sec. 221.019. RESTATED CERTIFICATE OF INCORPORATION. (a) The original and...
Section 221.020. Registered Office and Agent - Sec. 221.020. REGISTERED OFFICE AND AGENT. (a) A development corporation...
Section 221.021. Change of Registered Office or Agent - Sec. 221.021. CHANGE OF REGISTERED OFFICE OR AGENT. (a) A...
Section 221.022. Resignation of Registered Agent - Sec. 221.022. RESIGNATION OF REGISTERED AGENT. (a) A registered agent...
Section 221.023. Agents for Service - Sec. 221.023. AGENTS FOR SERVICE. (a) The president, each vice-president,...
Section 221.024. Board - Sec. 221.024. BOARD. (a) A development corporation's affairs are governed...
Section 221.025. Officers - Sec. 221.025. OFFICERS. (a) The officers of a development corporation...
Section 221.026. Indemnification - Sec. 221.026. INDEMNIFICATION. (a) Except as provided by Subsection (c),...
Section 221.027. Bylaws - Sec. 221.027. BYLAWS. (a) The board of directors shall adopt...
Section 221.028. Committees - Sec. 221.028. COMMITTEES. (a) If permitted by the articles of...
Section 221.029. Meetings; Action Without Meeting - Sec. 221.029. MEETINGS; ACTION WITHOUT MEETING. (a) A regular board...
Section 221.030. Corporation's General Powers - Sec. 221.030. CORPORATION'S GENERAL POWERS. (a) Subject to Section 221.035,...
Section 221.031. Conveyance of Land - Sec. 221.031. CONVEYANCE OF LAND. (a) A development corporation may...
Section 221.032. Perfection of Security Interest - Sec. 221.032. PERFECTION OF SECURITY INTEREST. A security interest granted...
Section 221.033. Taxation - Sec. 221.033. TAXATION. (a) A health facility, including a leasehold...
Section 221.034. Net Earnings - Sec. 221.034. NET EARNINGS. A development corporation is a nonprofit...
Section 221.035. Alteration of Development Corporation or Activities - Sec. 221.035. ALTERATION OF DEVELOPMENT CORPORATION OR ACTIVITIES. The sponsoring...
Section 221.036. Examination of Books and Records - Sec. 221.036. EXAMINATION OF BOOKS AND RECORDS. A representative of...
Section 221.037. Waiver of Notice - Sec. 221.037. WAIVER OF NOTICE. If a notice is required...
Subchapter C. Bonds
Section 221.061. Authority to Issue; Use of Proceeds - Sec. 221.061. AUTHORITY TO ISSUE; USE OF PROCEEDS. (a) A...
Section 221.062. Information Filed With Sponsoring Entity - Sec. 221.062. INFORMATION FILED WITH SPONSORING ENTITY. (a) Not later...
Section 221.063. Terms - Sec. 221.063. TERMS. (a) Bonds issued under this chapter must...
Section 221.064. Sale - Sec. 221.064. SALE. (a) A development corporation shall sell at...
Section 221.065. Refunding Bonds - Sec. 221.065. REFUNDING BONDS. (a) A development corporation may issue...
Section 221.066. Source of Payment; Bonds Not General Obligation - Sec. 221.066. SOURCE OF PAYMENT; BONDS NOT GENERAL OBLIGATION. (a)...
Section 221.067. Exempt Securities - Sec. 221.067. EXEMPT SECURITIES. (a) Bonds issued under this chapter...
Section 221.068. Legal Investments; Security for Deposits - Sec. 221.068. LEGAL INVESTMENTS; SECURITY FOR DEPOSITS. (a) Unless made...
Subchapter D. Dissolution of Corporation
Section 221.081. Dissolution Authorized - Sec. 221.081. DISSOLUTION AUTHORIZED. After a development corporation's bonds and...
Section 221.082. Articles of Dissolution - Sec. 221.082. ARTICLES OF DISSOLUTION. (a) Articles of dissolution on...
Section 221.083. Certificate of Dissolution - Sec. 221.083. CERTIFICATE OF DISSOLUTION. (a) The original and two...
Section 221.084. Extension of Duration - Sec. 221.084. EXTENSION OF DURATION. If a corporation is dissolved...
Section 221.085. Vesting Property in Sponsoring Entity - Sec. 221.085. VESTING PROPERTY IN SPONSORING ENTITY. The title to...
Section 221.086. Rights, Claims, and Liabilities Before Dissolution - Sec. 221.086. RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION. The dissolution...
Subchapter E. Administration by Secretary of State
Section 221.101. Administration of Chapter - Sec. 221.101. ADMINISTRATION OF CHAPTER. The secretary of state may...
Section 221.102. Fees - Sec. 221.102. FEES. (a) The secretary of state shall charge...
Section 221.103. Notice and Appeal of Disapproval - Sec. 221.103. NOTICE AND APPEAL OF DISAPPROVAL. (a) If the...
Section 221.104. Documents as Prima Facie Evidence - Sec. 221.104. DOCUMENTS AS PRIMA FACIE EVIDENCE. The following documents...