Tex. Loc. Gov't Code § 303.045
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The sponsor of a corporation, in its sole discretion, may alter the corporation's structure, organization, programs, or activities, consistent with the other provisions of this chapter and subject to limitations provided by law relating to the impairment of contracts entered into by the corporation.
Tex. Loc. Gov't. Code § 303.045