This section provides definitions for key terms used in the Texas Business Organizations Code, including 'cooperative', 'corporation', and 'debtor in bankruptcy'. These definitions are essential for understanding the legal framework governing various business entities in Texas.
Defines 'cooperative' as per Chapter 251.
Includes various types of corporations in its definition.
Clarifies what constitutes a 'debtor in bankruptcy'.
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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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