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Current as of January 01, 2024 | Updated by Findlaw Staff
The articles of incorporation must state:
(1) the name of the corporation;
(2) that the corporation is a nonprofit corporation;
(3) the duration of the corporation;
(4) the specific purpose for which the corporation is organized on behalf of the commission;
(5) that the corporation does not have any members and is a nonstock corporation;
(6) the street address of the corporation's initial registered office and the name of its initial registered agent at that address;
(7) the number of directors of the initial board and the name and address of each director;
(8) the name and street address of each incorporator;
(9) any provision for the regulation of the internal affairs of the corporation, including any provision required or permitted by this chapter to be in the bylaws; and
(10) that the commission has:
(A) by resolution specifically authorized the corporation to act on its behalf to further the public purpose stated in the resolution and in the articles of incorporation; and
(B) approved the articles of incorporation.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 431.025. Articles of Incorporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-431-025/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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