Texas § 379A.053 NATURE OF CORPORATE PROPERTY.

Texas Statutes

§ 379A.053 — NATURE OF CORPORATE PROPERTY.

Texas § 379A.053

Code LGLocal Government Code

This text of Texas § 379A.053 (NATURE OF CORPORATE PROPERTY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Local Government Code Code Ann. § 379A.053 (2026).

Text

Sec. 379A.053. NATURE OF CORPORATE PROPERTY.

(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.

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Sec. 379A.053. NATURE OF CORPORATE PROPERTY. (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.