Tex. Loc. Gov't Code § 501.406 · Subchapter I. ALTERATION OR TERMINATION OF CORPORATION
ASSETS ON TERMINATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
On termination the title to all funds and property owned by the corporation is transferred to the corporation's authorizing unit.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.501.htm
- Text hash
- sha256 df106166acc931c7e707e3dec8368f8bfc27087c876ff8492c85b9e92e16538e
- 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.