Sec. 501.056. CONTENTS OF CERTIFICATE OF FORMATION. The certificate of formation of a corporation must state:
(1) the name of the corporation;
(2) that the corporation is a nonprofit corporation;
(3) the duration of the corporation, which may be perpetual;
(4) the specific purpose for which the corporation is organized and may issue bonds on behalf of the unit;
(5) that the corporation has no members and is a nonstock corporation;
(6) any provision consistent with law for the regulation of the corporation's internal affairs, including any provision required or permitted by this subtitle to be stated in the bylaws;
(7) the street address of the corporation's initial registered office and the name of the corporation's initial registered agent at that address;
(8) the number of directors of the initial board of directors and the name and address of each initial director;
(9) the name and street address of each organizer; and
(10) that the unit has:
(A) by resolution specifically authorized the corporation to act on the unit's behalf to further the public purpose stated in the resolution and the certificate of formation; and
(B) approved the certificate of formation.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 501 - Provisions Governing Development Corporations
Subchapter B. Creation and Operation of Corporation
Section 501.051. Authority to Create
Section 501.052. Nonmember, Nonstock Form of Corporation
Section 501.053. Corporation Nonprofit; Net Earnings
Section 501.054. General Powers, Privileges, and Functions
Section 501.056. Contents of Certificate of Formation
Section 501.057. Filing of Certificate of Formation and Delivery of Certificate Evidencing Filing
Section 501.058. Effect of Issuance of Certificate Evidencing Filing
Section 501.059. Corporate Seal
Section 501.060. May Sue and Be Sued
Section 501.061. Corporation's Organization Not Restricted
Section 501.062. Board of Directors
Section 501.063. Organizational Meeting
Section 501.066. Indemnification
Section 501.067. Insurance and Benefits
Section 501.068. Board Meetings; Notice of Meeting
Section 501.069. Waiver of Notice
Section 501.070. Action of Board; Quorum
Section 501.071. Action Without Meeting
Section 501.072. Open Meetings and Public Information