Sec. 221.081. DISSOLUTION AUTHORIZED. After a development corporation's bonds and other obligations are paid and discharged, or adequate provision is made for their payment and discharge, the sponsoring entity's governing body by written resolution shall authorize and direct the dissolution of the corporation.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities
Chapter 221 - Health Facilities Development Act
Subchapter D. Dissolution of Corporation
Section 221.081. Dissolution Authorized
Section 221.082. Articles of Dissolution
Section 221.083. Certificate of Dissolution
Section 221.084. Extension of Duration
Section 221.085. Vesting Property in Sponsoring Entity
Section 221.086. Rights, Claims, and Liabilities Before Dissolution