Texas Statutes
§ 431.186 — ASSETS ON DISSOLUTION.
Texas § 431.186
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 431.186 (ASSETS ON DISSOLUTION.) 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. § 431.186 (2026).
Text
Sec. 431.186. ASSETS ON DISSOLUTION. On dissolution or liquidation of a corporation, the title to all assets, including funds and property, shall be transferred to the commission unless the corporation is a local government corporation, in which case the title shall be transferred to the local governments that created the corporation.
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 § 431.186, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/431.186.