Tex. Local Government Code § 501.401
ALTERATION OR TERMINATION BY AUTHORIZING UNIT
Texas · Texas Local Government Code · Status: effective
Cite this
- Citation
- Tex. Local Government Code § 501.401, ALTERATION OR TERMINATION BY AUTHORIZING UNIT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694069
- Permanent ID
ys:prov:694069@1- SHA-256
4fa462c0f9a3f7fa7b9bda86ac4b80d283e9de3d107763bcc4a14e57d6b0a476
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) At any time a corporation's authorizing unit, in its sole discretion, may in accordance with this subtitle:
(1) alter the corporation's structure, organization, programs, or activities; or
(2) terminate the existence of the corporation.
(b) The authority of an authorizing unit under this section is limited only by the law of this state on the impairment of contracts entered into by the corporation.
(c) An authorizing unit may make an alteration or may terminate the corporation's existence only by a written resolution of the authorizing unit's governing body.