A spaceport development corporation:
(1) has the powers granted by this chapter and by other chapters of this subtitle; and
(2) is subject to the limitations of a corporation authorized to be created under another provision of this subtitle.
GENERAL POWERS AND LIMITATIONS OF 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
A spaceport development corporation:
(1) has the powers granted by this chapter and by other chapters of this subtitle; and
(2) is subject to the limitations of a corporation authorized to be created under another provision of this subtitle.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.