Tex. Loc. Gov't Code § 501.406

ASSETS ON TERMINATION

Known as the Development Corporation Act

The act spans §§ 501.001 to 507.202 (255 sections).

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff

On termination the title to all funds and property owned by the corporation is transferred to the corporation's authorizing unit.

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