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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Health and Safety Code § 221.085: VESTING PROPERTY IN SPONSORING ENTITY.

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Where this section sits in the code
  1. HEALTH AND SAFETY CODE
  2. TITLE 4. HEALTH FACILITIES
  3. SUBTITLE A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING HEALTH FACILITIES
  4. CHAPTER 221. HEALTH FACILITIES DEVELOPMENT ACT
  5. SUBCHAPTER D. DISSOLUTION OF CORPORATION

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

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Collected 2026-08-27T01:47:17Z. Source file · JSON

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