(a) A municipality may authorize the creation under this subtitle of a Type B corporation.
(b) A municipality may not authorize the creation of more than one Type B corporation.
Tex. Loc. Gov't Code § 505.003
AUTHORITY TO CREATE CORPORATION
Known as the Development Corporation Act
The act spans §§ 501.001 to 507.202 (255 sections).
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, 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.