Tex. Transportation Code § 431.024
This is the official text of Tex. Transportation Code § 431.024, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 431.024. FORM OF CORPORATION.
Official statutory text
(a) A corporation is a nonmember, nonstock corporation.
(b) A corporation is nonprofit, and its earnings may not benefit a private interest.
(c) A corporation may be created as a perpetual corporation.
(b) A corporation is nonprofit, and its earnings may not benefit a private interest.
(c) A corporation may be created as a perpetual corporation.
Status: in_force · Read it on the official government site
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