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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Transportation Code § 431.024: FORM OF CORPORATION.

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Where this section sits in the code
  1. TRANSPORTATION CODE
  2. TITLE 6. ROADWAYS
  3. SUBTITLE I. TRANSPORTATION CORPORATIONS
  4. CHAPTER 431. TEXAS TRANSPORTATION CORPORATION ACT
  5. SUBCHAPTER B. CREATION AND OPERATION OF CORPORATION

(a) A corporation is a nonmember, nonstock corporation.

(b) A corporation is nonprofit, and its earnings may not benefit a private interest.

(c) A corporation may be created as a perpetual corporation.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Collected 2026-08-27T01:47:44Z. Source file · JSON

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