Sec. 53B.13. CORPORATE POWERS. An authority is a body politic and corporate having the power of perpetual succession. It shall have a seal; it may sue and be sued; and it may make, amend, and repeal its bylaws.
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53B - Higher Education Loan Authorities
Subchapter B. Administrative Provisions
Section 53B.11. Creation of Authority
Section 53B.13. Corporate Powers
Section 53B.131. Authority's Earnings
Section 53B.14. Board of Directors
Section 53B.15. Organization of Board; Quorum; Employees; Counsel