Texas § 43.059 APPLICABILITY OF CERTAIN LAWS.

Texas Statutes

§ 43.059 — APPLICABILITY OF CERTAIN LAWS.

Texas § 43.059

Code EDEducation Code

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Bluebook

Tex. Education Code Code Ann. § 43.059 (2026).

Text

Sec. 43.059. APPLICABILITY OF CERTAIN LAWS.

(a)Except as otherwise provided by and to the extent consistent with this subchapter, Title 1, Business Organizations Code, and Chapter 22 , Business Organizations Code, apply to the corporation.

(b)Subject to Section 43.060 , the corporation is a governmental body for purposes of Chapter 551 , Government Code.

(c)The corporation is exempt from:

(1)Chapters 654 and 660 , Government Code, and Subchapter K , Chapter 659 , Government Code, to the extent the board of directors determines that an exemption from those provisions is necessary for the corporation to perform the board's fiduciary duties under this subchapter;

(2)all state laws regulating or limiting purchasing by state agencies, including Subtitle D, Title 10, Government Code, and Ch

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Sec. 43.059. APPLICABILITY OF CERTAIN LAWS. (a) Except as otherwise provided by and to the extent consistent with this subchapter, Title 1, Business Organizations Code, and Chapter 22 , Business Organizations Code, apply to the corporation.
(b) Subject to Section 43.060 , the corporation is a governmental body for purposes of Chapter 551 , Government Code.
(c) The corporation is exempt from:
(1) Chapters 654 and 660 , Government Code, and Subchapter K , Chapter 659 , Government Code, to the extent the board of directors determines that an exemption from those provisions is necessary for the corporation to perform the board's fiduciary duties under this subchapter;
(2) all state laws regulating or limiting purchasing by state agencies, including Subtitle D, Title 10, Government Code, and Chapters 2254 , 2261 , and 2262 , Government Code;
(3) the franchise tax under Chapter 171 , Tax Code; and
(4) any filing costs or other fees imposed by the state on a corporation.