{"data":{"id":"us-tx/tex.-local-government-code-303.105","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 303.105","heading":"VESTING PROPERTY IN SPONSORING ENTITY.","body":"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.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.","path":["LOCAL GOVERNMENT CODE","TITLE 9. PUBLIC BUILDINGS AND GROUNDS","SUBTITLE C. PUBLIC BUILDING PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 303. PUBLIC FACILITY CORPORATIONS","SUBCHAPTER D. DISSOLUTION OF CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.303.htm#303.105","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"c60b1595bcbc8f938909deff9331577f07b30e5fba8d5f6335f0849eb5e43f19","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-303.104","next":"us-tx/tex.-local-government-code-303.106"},"notice":"GroundRules: Original legal text. Not legal advice."}