Texas Health and Safety Code

§ 221.013 — ARTICLES OF INCORPORATION

HS § 221.013Title 4. HEALTH FACILITIES · Part A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING · Ch. 221. HEALTH FACILITIES DEVELOPMENT ACT · Art. B. CREATION AND OPERATION OF DEVELOPMENT CORPORATION

Statute text

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(a)The articles of incorporation of a development corporation must include:

(1)the corporation's name;

(2)a statement that the corporation is a nonprofit public corporation;

(3)the duration of the corporation, which may be perpetual;

(4)a statement that the purpose of the corporation is to acquire, construct, provide, improve, finance, and refinance a health facility to assist the maintenance of the public health;

(5)a statement that the corporation has no members and is a nonstock corporation;

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Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.