Definiciones clave en el Código de Organizaciones Empresariales de Texas

Sec. 1.002. DEFINITIONS. In this code: (1) "Affiliate" means a person who controls, is controlled by, or is under common control with another person. (2) "Associate," when used to indicate a relationship with a person, means: (A) a domestic or foreign entity or organization for which the person: (i) is an officer or governing person; or (ii) beneficially owns, directly or indirectly, either individually or through an affiliate, 10 percent or more of a class of voting ownership interests or similar securities of the entity or organization; (B) a trust or estate in which the person has a substantial beneficial interest or for which the person serves as trustee or in a similar fiduciary capacity; (C) the person's spouse or a relative of the person related by consanguinity or affinity who resides with the person; or (D) a governing person or an affiliate or officer of the person. (3) "Association" means an entity governed as an association under Title 6 or 7. The term includes a cooperative association, nonprofit association, and professional association. (4) "Assumed name" means a name adopted for use by a Statute text rendered on: 9/1/2023 - 1 - BUSINESS ORGANIZATIONS CODE person. The term includes an assumed name filed under Chapter 71, Business & Commerce Code. (5) "Business" means a trade, occupation, profession, or other commercial activity. (6) "Certificate of formation" means: (A) the document required to be filed with the filing officer under Chapter 3 to form a filing e