Tex. Gov't Code § 442.047 · Subchapter A-1. AFFILIATED NONPROFIT ORGANIZATIONS; FRIENDS OF THE TEXAS HISTORICAL COMMISSION
DISPOSITION OF ORGANIZATION ASSETS ON DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In the event of an organization's dissolution, the commission is the sole beneficiary of all items held in the organization's name that relate to the commission, except as otherwise provided by the organization's articles of incorporation or the terms of the gift or other transfer of the items to the organization.
(b) An item for which the commission is not the sole beneficiary must be clearly identified and described on an agreed list prepared jointly by the commission and the organization.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 948 (H.B. 4187), Sec. 5, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.442.htm
- Text hash
- sha256 7dc44de9271f5fbe02f93412b80b6b54e84b1c53920682a3f8e67a055426ae09
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.