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

Tex. Local Government Code § 303.105: VESTING PROPERTY IN SPONSORING ENTITY.

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Where this section sits in the code
  1. LOCAL GOVERNMENT CODE
  2. TITLE 9. PUBLIC BUILDINGS AND GROUNDS
  3. SUBTITLE C. PUBLIC BUILDING PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT
  4. CHAPTER 303. PUBLIC FACILITY CORPORATIONS
  5. SUBCHAPTER D. DISSOLUTION OF CORPORATION

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.

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

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

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