Sec. 394.033. CORPORATE NAME; DURATION; SEAL. (a) A housing finance corporation may have perpetual succession under its corporate name, unless a limited period of duration is stated in the articles of incorporation, and may sue and be sued, and complain and defend, under its corporate name.
(b) A housing finance corporation may have a corporate seal, which may be altered at will, and may use the seal by causing it, or a facsimile of it, to be impressed on, affixed to, or otherwise reproduced on any instrument required to be executed by the corporation's officers.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle C - Planning and Development Provisions Applying to More Than One Type of Local Government
Chapter 394 - Housing Finance Corporations in Municipalities and Counties
Subchapter D. Corporate Powers
Section 394.031. Exercise of Powers
Section 394.032. General Powers
Section 394.033. Corporate Name; Duration; Seal
Section 394.034. Officers; Agents
Section 394.036. Acceptance of Financial Assistance
Section 394.038. Acquisition of Shares or Obligations
Section 394.039. Specific Powers Relating to Financial and Property Transactions
Section 394.040. Transactions With Lending Institutions
Section 394.041. Standards for Mortgages or Loans
Section 394.042. Disposal of Residential Developments or Home Mortgages