Transcription of BUSINESS ORGANIZATIONS CODE TITLE 1. GENERAL …
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BUSINESS ORGANIZATIONS CODE TITLE 1. GENERAL …
BUSINESS ORGANIZATIONS CODETITLE 1. GENERAL PROVISIONSCHAPTER 1. DEFINITIONS AND OTHER GENERAL PROVISIONSSUBCHAPTER A. DEFINITIONS AND PURPOSESec. PURPOSE. The purpose of this code is to make thelaw encompassed by this code more accessible and understandable by:(1) rearranging the statutes into a more logical order;(2) employing a format and numbering system designed tofacilitate citation of the law and to accommodate future expansion ofthe law;(3) eliminating repealed, duplicative, expired, executed,and other ineffective provisions; and(4) restating the law in modern American English to thegreatest extent possible. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Sec. DEFINITIONS. In this code:(1) "Affiliate" means a person who controls, is controlledby, or is under common control with another person.
(B) if appropriate, a restated certificate of formation and all amendments of an original or restated certificate of formation. (7) "Certificated ownership interest" means an ownership interest of a domestic entity represented by a certificate issued in bearer or registered form. (8) "Close corporation" means a for-profit corporation that
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