Sec. 431.185. EFFECT OF ISSUANCE OF CERTIFICATE OF DISSOLUTION. The corporate existence ends on the issuance of the certificate of dissolution except for:
(1) the purpose of any ongoing suit or other proceeding; and
(2) corporate action by a director or officer under this chapter.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle I - Transportation Corporations
Chapter 431 - Texas Transportation Corporation Act
Subchapter F. Alteration or Dissolution of Corporation
Section 431.181. Alteration or Dissolution by Commission
Section 431.182. Dissolution by Board on Completion of Purpose
Section 431.183. Execution of Articles of Dissolution
Section 431.184. Delivery and Filing of Articles of Dissolution
Section 431.185. Effect of Issuance of Certificate of Dissolution