Texas Statutes
§ 303.105 — VESTING PROPERTY IN SPONSORING ENTITY.
Texas § 303.105
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 303.105 (VESTING PROPERTY IN SPONSORING ENTITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Local Government Code Code Ann. § 303.105 (2026).
Text
Sec. 303.105. VESTING PROPERTY IN SPONSORING ENTITY. The title to all funds and other property owned by a corporation when it dissolves automatically vests in the corporation's sponsor without further conveyance, transfer, or other act.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.
Nearby Sections
15
§ 303.001
SHORT TITLE.§ 303.002
PURPOSE; CONSTRUCTION.§ 303.003
DEFINITIONS.§ 303.005
EFFECT OF CHAPTER ON OTHER LAW.§ 303.006
LIMITATION OF CHAPTER.§ 303.007
NATURAL GAS AS PUBLIC FACILITY.§ 303.021
AUTHORITY TO CREATE.§ 303.022
CREATION UNDER OTHER LAW.§ 303.023
PROCEDURE.§ 303.024
ARTICLES OF INCORPORATION.§ 303.026
ORGANIZATIONAL MEETING.§ 303.028
CERTIFICATE OF AMENDMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 303.105, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/303.105.