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Tex. Local Government Code § 303.105

VESTING PROPERTY IN SPONSORING ENTITY

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 303.105, VESTING PROPERTY IN SPONSORING ENTITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/691885
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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.