Covers creation and functioning of a Texas Corporation including dissolution
Front of Card:
1. What are the two basic documents needed to form a corporation under Texas law?
2. Describe generally the purpose of the Articles of Incorporation and the Bylaws of a corporation.
3. X wishes to form a corporation in Texas, although he is a domiciliary of Tennessee. Under Texas law, may X form a corporation in the State?
Back of Card:
1. To form a corporation, the incorporators need to complete:
a. The Articles of Incorporation, and
b. The Bylaws of the corporation.
2. The Articles of Incorporation and the Bylaws each address separate parts of the corporation’s identity. The Articles of Incorporation state the purpose and structure of the corporation while the Bylaws address the day to day management of the corporation.
3. Yes. An incorporator must be at least 18 years of age, or another business entity. There is no requirement that the incorporator must be a domiciliary of Texas.
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