Tex. Transp. Code § 431.182 · Subchapter F. ALTERATION OR DISSOLUTION OF CORPORATION

DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

The board, with the approval by written resolution of the commission, shall dissolve the corporation as provided by this subchapter if the board by resolution determines that:

(1) the purposes for which the corporation was formed have been substantially fulfilled; and

(2) all obligations of the corporation have been fully paid.

Notes and commentary — not statutory text

History

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/TN/htm/TN.431.htm
Text hash: sha256 2507bdcbd93ec325991a8e6a0bdd618fcfa3b6395897c0254fcf63c34e6b64b8
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.