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2024 Texas Statutes
Health and Safety Code
Title 4 - Health Facilities
Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities
Chapter 221 - Health Facilities Development Act
Subchapter D. Dissolution of Corporation
Section 221.085. Vesting Property in Sponsoring Entity
Universal Citation:
TX Health & Safety Code § 221.085 (2024)
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Sec. 221.085. VESTING PROPERTY IN SPONSORING ENTITY. The title to all funds and other property owned by a development corporation when it dissolves automatically vests in the sponsoring entity without further conveyance, transfer, or other act.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
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