This section provides definitions for key terms used throughout the Texas Business Organizations Code, such as 'affiliate' and 'associate.' These definitions are crucial for understanding the relationships and ownership structures that may affect business entities in Texas.
Defines 'affiliate' as entities under common control.
Clarifies 'associate' in relation to ownership interests.
Establishes foundational terms for business organization laws.
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In simple terms: Learn about Texas's DEFINITIONS. In this code: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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