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Texas Business & Commerce Code

§ 681.174 — CITY OF SAN ANTONIO OR DESIGNEE

BC § 681.174Title 15. CURRENCY AND TRADE · Part C. TRADE ZONES · Ch. 681. FOREIGN TRADE ZONES · Art. D. SPECIFIC AUTHORITY FOR CERTAIN FOREIGN TRADE ZONES

Statute text

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(a)The City of San Antonio, or a nonprofit corporation organized under the laws of this state and designated by the City of San Antonio, may apply for and accept a grant of authority to establish, operate, and maintain:
(1)a foreign trade zone at or adjacent to any port of entry in Bexar County; and
(2)other subzones.
(b)After a nonprofit corporation has accepted a grant of authority to establish, operate, and maintain a foreign trade zone under this section, the City of San Antonio may not exercise any further control or supervision over the corporation with regard to:
(1)the naming of directors and officers of the corporation; or
(2)the corporation's internal management or organization.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 681.174 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.