The corporate existence ends on the issuance of the certificate of dissolution except for:
(1) the purpose of any ongoing suit or other proceeding; and
(2) corporate action by a director or officer under this chapter.
Tex. Transp. Code § 431.185
EFFECT OF ISSUANCE OF CERTIFICATE OF DISSOLUTION
Known as the Texas Transportation Corporation Act
The act spans §§ 431–431 (63 sections).
Acts 1995, 74th Leg., ch. 165, 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.