Texas § 442.159 DISPOSITION OF FOUNDATION ASSETS ON DISSOLUTION.

Texas Statutes

§ 442.159 — DISPOSITION OF FOUNDATION ASSETS ON DISSOLUTION.

Texas § 442.159

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 442.159 (2026).

Text

Sec. 442.159. DISPOSITION OF FOUNDATION ASSETS ON DISSOLUTION.

(a)In the event of the foundation's dissolution, the commission is the sole beneficiary of all items held in the foundation's name that relate to the revolutionary history of a site described by Section 442.152 (a) and to early Texas settlement and culture, except as otherwise provided by the foundation's articles of incorporation or the terms of the gift or other transfer of the items to the foundation.

(b)An item for which the commission is not the sole beneficiary must be clearly identified and described on an agreed list prepared jointly by the commission and the foundation. SUBCHAPTER E. RULES GOVERNING HISTORIC SITES

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Sec. 442.159. DISPOSITION OF FOUNDATION ASSETS ON DISSOLUTION. (a) In the event of the foundation's dissolution, the commission is the sole beneficiary of all items held in the foundation's name that relate to the revolutionary history of a site described by Section 442.152 (a) and to early Texas settlement and culture, except as otherwise provided by the foundation's articles of incorporation or the terms of the gift or other transfer of the items to the foundation.
(b) An item for which the commission is not the sole beneficiary must be clearly identified and described on an agreed list prepared jointly by the commission and the foundation.
SUBCHAPTER E. RULES GOVERNING HISTORIC SITES