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.
Tex. Educ. Code § 53B.13
CORPORATE POWERS
Known as the Higher Education Loan Authority Act
The act spans §§ 53–53 (21 sections).
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.