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Tex. Gov't Code § 442.159

DISPOSITION OF FOUNDATION ASSETS ON DISSOLUTION

Added by Acts 2025, 89th Leg., R.S., Ch. 948 (H.B. 4187), Sec. 10, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.