(a) A corporation may be formed and chartered under this chapter, Title 32, Revised Statutes, the Texas Business Corporation Act, or the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) for the purposes provided by Section 341.002.
(b) The corporation:
(1) is subject to regulation by the commission in regard to the powers and provisions of this chapter;
(2) may contract to convey to an individual or another corporation an easement for the use of its structure;
(3) may impose a reasonable toll for the use of the structure; and
(4) may not discriminate in the time for handling or in the amount charged for a toll.
Official text of the Texas Transportation Code as published by the Texas Legislative Council.