Tex. Transp. Code § 431.186 · Subchapter F. ALTERATION OR DISSOLUTION OF CORPORATION
ASSETS ON DISSOLUTION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
On dissolution or liquidation of a corporation, the title to all assets, including funds and property, shall be transferred to the commission unless the corporation is a local government corporation, in which case the title shall be transferred to the local governments that created the corporation.
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 31f3fec9238dfc46a14f073a215a8d1149348a32535aa84920912acffab3ee20
- 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.