Tex. Local Gov't Code Section 394.015
Filing of Articles of Incorporation; Issuance of Certificate of Incorporation

(a)

Duplicate originals of the articles of incorporation must be delivered to the secretary of state. If the secretary of state finds that the articles of incorporation conform to this chapter, the secretary shall, when a $25 fee is paid:

(1)

endorse on each duplicate original the word “Filed” and the date of the filing;

(2)

file one of the duplicate originals in the office of the secretary of state; and

(3)

issue a certificate of incorporation, to which the secretary shall affix the other duplicate original.

(b)

The secretary of state shall deliver the certificate of incorporation, with the affixed duplicate original, to the incorporators or their representatives.

(c)

On the issuance of the certificate of incorporation, corporate existence begins. The certificate of incorporation is conclusive evidence that all conditions precedent required to be performed by the local government and the incorporators have been met and that the housing finance corporation is properly incorporated under this chapter.

(d)

The housing finance corporation constitutes a public instrumentality and a nonprofit corporation under the name stated in the articles of incorporation. The corporation does not constitute a municipality, county, or other political corporation or subdivision of this state. The corporation may issue bonds and carry out the public purposes for which it is incorporated on behalf of and for the benefit of the general public, the local government, and this state.

(e)

A copy of the articles of incorporation shall be delivered to the Texas Department on Aging.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Source: Section 394.015 — Filing of Articles of Incorporation; Issuance of Certificate of Incorporation, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­394.­htm#394.­015 (accessed May 11, 2024).

394.001
Short Title 394.002
Purpose 394.003
Definitions 394.004
Application of Chapter to Certain Residential Developments 394.005
Application of Chapter to Property in Certain Municipalities 394.011
Application for Incorporation 394.012
Application for Incorporation Of, and Other Special Provisions For, Joint Corporation 394.013
Incorporators 394.014
Articles of Incorporation 394.015
Filing of Articles of Incorporation 394.016
Amendment of Articles of Incorporation 394.017
Filing of Articles of Amendment 394.021
Board of Directors 394.022
Organizational Meeting 394.023
Disposition of Corporate Earnings 394.024
Registered Office and Agent 394.025
Corporate Books and Records 394.026
Dissolution of Corporation 394.027
Annual Report 394.031
Exercise of Powers 394.032
General Powers 394.033
Corporate Name 394.034
Officers 394.035
Bylaws 394.036
Acceptance of Financial Assistance 394.037
Bonds 394.038
Acquisition of Shares or Obligations 394.039
Specific Powers Relating to Financial and Property Transactions 394.040
Transactions with Lending Institutions 394.041
Standards for Mortgages or Loans 394.042
Disposal of Residential Developments or Home Mortgages 394.051
Bonds 394.052
Bond Covenants 394.053
Validity of Bonds 394.054
Security for Bonds 394.055
Liability for Bonds and Contracts 394.056
Bond as Security 394.057
Bond as Authorized Investment or as Security for Deposit 394.901
Designation of Area as Economically Depressed or Blighted 394.902
Housing for Elderly 394.903
Location of Residential Development 394.904
Exemption from Requirements and Restrictions Applying to Public Property 394.905
Exemption from Taxation 394.906
Conditions Under Which Federal Guarantee or Home Mortgage Insurance Not Required 394.907
Corporation Powers Not Restricted 394.9025
Multifamily Residential Development
Green check means up to date. Up to date

Accessed:
May 11, 2024

§ 394.015’s source at texas​.gov