Tex. Loc. Gov't Code § 303.105

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

Section 303.105 - Vesting Property in Sponsoring Entity

The title to all funds and other property owned by a corporation when it dissolves automatically vests in the corporation's sponsor without further conveyance, transfer, or other act.

Tex. Loc. Gov't. Code § 303.105

Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. 9/1/1999.