Sec. 303.101. DISSOLUTION AUTHORIZED. After a corporation's bonds and other obligations are paid and discharged, or adequate provision is made for their payment and discharge, the sponsor's governing body by written resolution may authorize and direct the dissolution of the corporation.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.
Structure Texas Statutes
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
Section 303.101. Dissolution Authorized
Section 303.102. Articles of Dissolution
Section 303.103. Certificate of Dissolution
Section 303.104. Extension of Duration
Section 303.105. Vesting Property in Sponsoring Entity
Section 303.106. Rights, Claims, and Liabilities Before Dissolution