| (a) Acceptable organizational identifiers are set forth
in §§5.054 - 5.059 of the Texas Business Organizations Code.
(b) The following words, when used alone, do not satisfy
the statutory requirements for organizational identifiers:
(1) "companies," "corporations," "incorporation," and
"unlimited;"
(2) "limited partnerships;" and
(3) "limited" or "company," to identify a limited liability
company.
(c) A nonprofit corporation may omit an organizational
identifier, but may not solely have an organizational identifier which
is not consistent with §5.054 of the Texas Business Organizations
Code.
(d) The words "public benefit corporation," the abbreviation
"P.B.C.," or the designation "PBC" may be used as the words of organization
for a domestic public benefit corporation.
|
