Tex. Government Code § 442.159
DISPOSITION OF FOUNDATION ASSETS ON DISSOLUTION
Texas · Texas Government Code · Status: effective
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- Tex. Government Code § 442.159, DISPOSITION OF FOUNDATION ASSETS ON DISSOLUTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/654165
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Full text
(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.