Tex. Health & Safety Code § 221.085

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.

Tex. Health and Safety Code § 221.085

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. 9/1/1989.