Tex. Loc. Gov't Code § 501.406

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 501.406 - Assets on Termination

On termination the title to all funds and property owned by the corporation is transferred to the corporation's authorizing unit.

Tex. Loc. Gov't. Code § 501.406

Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 3.01, eff. 4/1/2009.