{"data":{"id":"us-tx/tex.-transportation-code-431.024","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 431.024","heading":"FORM OF CORPORATION.","body":"(a) A corporation is a nonmember, nonstock corporation.\n(b) A corporation is nonprofit, and its earnings may not benefit a private interest.\n(c) A corporation may be created as a perpetual corporation.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE I. TRANSPORTATION CORPORATIONS","CHAPTER 431. TEXAS TRANSPORTATION CORPORATION ACT","SUBCHAPTER B. CREATION AND OPERATION OF CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.431.htm#431.024","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"aaab9e02699792fae5235271fd6441233cf913fa9370aa58c7f6d9e35647d9ab","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-431.023","next":"us-tx/tex.-transportation-code-431.025"},"notice":"GroundRules: Original legal text. Not legal advice."}