Sec. 501.407. TERMINATION WITH TRANSFER OF ASSETS TO TYPE A CORPORATION


Latest version.
  • On approval of the governing bodies of each unit and corporation involved, a corporation that is not a Type A corporation may transfer all of the corporation's assets to a Type A corporation and terminate its existence as provided by this subtitle.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 , Sec. 3.01, eff. April 1, 2009.