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Tex. Health & Safety Code § 221.086

RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION

Known as the Health Facilities Development Act

The act spans §§ 221–221 (50 sections).

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff

The dissolution of a development corporation by issuance of a certificate of dissolution or expiration of its duration does not impair a remedy available to or against the corporation or a director or officer of the corporation for a right or claim existing or a liability incurred before the dissolution, if action or other proceeding on the remedy is begun within three years after the date of the dissolution. The action may be prosecuted or defended by the corporation in its corporate name. The directors and officers may take corporate or other action as appropriate to protect the remedy, right, or claim.

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