Texas Statutes
§ 431.182 — DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE.
Texas § 431.182
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 431.182 (DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE.) 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. Transportation Code Code Ann. § 431.182 (2026).
Text
Sec. 431.182. DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE. The board, with the approval by written resolution of the commission, shall dissolve the corporation as provided by this subchapter if the board by resolution determines that:
(1)the purposes for which the corporation was formed have been substantially fulfilled; and
(2)all obligations of the corporation have been fully paid.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Nearby Sections
15
§ 431.001
SHORT TITLE.§ 431.002
PURPOSES; LIBERAL CONSTRUCTION.§ 431.003
DEFINITIONS.§ 431.004
OPEN MEETINGS.§ 431.005
OPEN RECORDS.§ 431.021
PURPOSE OF CORPORATION.§ 431.022
APPLICATION.§ 431.023
ADOPTION OF RESOLUTION.§ 431.024
FORM OF CORPORATION.§ 431.025
ARTICLES OF INCORPORATION.§ 431.028
BOARD.§ 431.029
ADVISORY DIRECTORS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 431.182, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/431.182.