The certificate of formation of a corporation must state:
- (1) the name of the corporation;
- (2) that the corporation is a nonprofit corporation;
- (3) the duration of the corporation, which may be perpetual;
- (4) the specific purpose for which the corporation is organized and may issue bonds on behalf of the unit;
- (5) that the corporation has no members and is a nonstock corporation;
- (6) any provision consistent with law for the regulation of the corporation's internal affairs, including any provision required or permitted by this subtitle to be stated in the bylaws;
- (7) the street address of the corporation's initial registered office and the name of the corporation's initial registered agent at that address;
- (8) the number of directors of the initial board of directors and the name and address of each initial director;
- (9) the name and street address of each organizer; and
(10) that the unit has:
- (A) by resolution specifically authorized the corporation to act on the unit's behalf to further the public purpose stated in the resolution and the certificate of formation; and
- (B) approved the certificate of formation.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.