Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
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 |
Sec. 303.101. DISSOLUTION AUTHORIZED
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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.