Sec. 303.103. CERTIFICATE OF DISSOLUTION. (a) The original and two copies of the articles of dissolution shall be delivered to the secretary of state.
(b) If the secretary of state finds that the articles of dissolution comply with this chapter and have been authorized by the sponsor's governing body, the secretary of state, on payment of the fees required by this chapter, shall:
(1) write "filed" on the original and each copy of the articles of dissolution and the month, day, and year of the filing;
(2) file the original in the office of the secretary of state; and
(3) issue two certificates of dissolution with a copy of the articles of dissolution attached to each.
(c) The secretary of state shall deliver a certificate of dissolution, with a copy of the articles of dissolution attached, to the representative of the dissolved corporation and to the sponsor's governing body.
(d) The existence of the corporation ceases on the issuance of the certificate of dissolution, except for the purpose of suits, other proceedings, and appropriate corporate action by the directors and officers of the corporation as provided by this chapter.
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