{"data":{"id":"us-tx/tex.-business-organizations-code-23.052","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 23.052","heading":"ORGANIZERS.","body":"Subject to The Securities Act (Title 12, Government Code), 25 or more persons, the majority of whom must be residents of this state, may form a business development corporation to promote, develop, and advance the prosperity and economic welfare of this state.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.05, eff. January 1, 2022.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 23. SPECIAL-PURPOSE CORPORATIONS","SUBCHAPTER B. BUSINESS DEVELOPMENT CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.23.htm#23.052","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"9af6d41b99bd66c3c2a0a2fef3c502927de6a14e94f060b28e3df731c94b8e0d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-23.051","next":"us-tx/tex.-business-organizations-code-23.053"},"notice":"GroundRules: Original legal text. Not legal advice."}