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Tex. Transportation Code § 431.182

DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE

Texas · Texas Transportation Code · Status: effective

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Tex. Transportation Code § 431.182, DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/570519
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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.