Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 12. PLANNING AND DEVELOPMENT |
Subtitle C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
Chapter 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS |
Subchapter I. ALTERATION OR TERMINATION OF CORPORATION |
Sec. 501.407. TERMINATION WITH TRANSFER OF ASSETS TO TYPE A CORPORATION
Latest version.
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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.