{"data":{"id":"us-tx/tex.-local-government-code-501.407","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 501.407","heading":"TERMINATION WITH TRANSFER OF ASSETS TO TYPE A CORPORATION.","body":"On approval of the governing bodies of each unit and corporation involved, a corporation that is not a Type A corporation may transfer all of the corporation's assets to a Type A corporation and terminate its existence as provided by this subtitle.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS","SUBCHAPTER I. ALTERATION OR TERMINATION OF CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.501.htm#501.407","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"86317c3c2bb2801b1d61ee804e4300f64a012dd8790ef39085929487660b3106","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-501.406","next":"us-tx/tex.-local-government-code-501.451"},"notice":"GroundRules: Original legal text. Not legal advice."}