{"data":{"id":"us-tx/tex.-transportation-code-431.186","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 431.186","heading":"ASSETS ON DISSOLUTION.","body":"On dissolution or liquidation of a corporation, the title to all assets, including funds and property, shall be transferred to the commission unless the corporation is a local government corporation, in which case the title shall be transferred to the local governments that created the corporation.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE I. TRANSPORTATION CORPORATIONS","CHAPTER 431. TEXAS TRANSPORTATION CORPORATION ACT","SUBCHAPTER F. ALTERATION OR DISSOLUTION OF CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.431.htm#431.186","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"cc436482cf1db89266af90516c2648a55addab36c6fd70725d5cfff19f03edc2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-431.185","next":"us-tx/tex.-transportation-code-441.001"},"notice":"GroundRules: Original legal text. Not legal advice."}