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

Tex. Transportation Code § 431.182: DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE.

Where this section sits in the code

TRANSPORTATION CODE
TITLE 6. ROADWAYS
SUBTITLE I. TRANSPORTATION CORPORATIONS
CHAPTER 431. TEXAS TRANSPORTATION CORPORATION ACT
SUBCHAPTER F. ALTERATION OR DISSOLUTION OF CORPORATION

The board, with the approval by written resolution of the commission, shall dissolve the corporation as provided by this subchapter if the board by resolution determines that:

(1) the purposes for which the corporation was formed have been substantially fulfilled; and

(2) all obligations of the corporation have been fully paid.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Collected 2026-08-27T01:47:44Z. Source file · JSON

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