Tex. Loc. Gov't Code § 379A.053 · Subchapter D. POWERS OF CORPORATION
NATURE OF CORPORATE PROPERTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The legislature finds for all constitutional and statutory purposes that the corporation owns, uses, and holds its property for public purposes.
(b) Section 25.07(a), Tax Code, does not apply to a leasehold or other possessory interest granted by the corporation.
(c) Property owned by the corporation is exempt from taxation under Section 11.11, Tax Code, while the corporation owns the property.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 149, Sec. 1, eff. May 16, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.379A.htm
- Text hash
- sha256 635a0a834e08320e153527b6869e0e6cbe498ea2beb00a90de1f2b4392f31a68
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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