§ 501.401 Alteration or Termination by Authorizing Unit
§ 501.402 Termination of Corporation On Completion of Purpose
§ 501.403 Execution of Certificate of Termination
§ 501.404 Delivery and Filing of Certificate of Termination
§ 501.405 Effect of Issuance of Certificate Evidencing Filing of Certificate of Termination
§ 501.406 Assets On Termination
§ 501.407 Termination With Transfer of Assets to Type a Corporation
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Terms Used In Texas Local Government Code Chapter 501 > Subchapter I - Alteration or Termination of Corporation

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Property: means real and personal property. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005