Sec. 505.003. AUTHORITY TO CREATE CORPORATION. (a) A municipality may authorize the creation under this subtitle of a Type B corporation.
(b) A municipality may not authorize the creation of more than one Type B corporation.
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 505 - Type B Corporations
Subchapter A. General Provisions
Section 505.002. Applicability of Chapter
Section 505.003. Authority to Create Corporation
Section 505.004. Contents of Certificate of Formation
Section 505.005. Corporation Not Subject to Certain Provisions