After a development corporation's bonds and other obligations are paid and discharged, or adequate provision is made for their payment and discharge, the sponsoring entity's governing body by written resolution shall authorize and direct the dissolution of the corporation.
Tex. Health & Safety Code § 221.081
DISSOLUTION AUTHORIZED
Known as the Health Facilities Development Act
The act spans §§ 221–221 (50 sections).
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.