Tex. Transp. Code § 431.186
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Transp. Code § 431.186