Tex. Local Government Code § 303.045
This is the official text of Tex. Local Government Code § 303.045, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 303.045. ALTERATION OF CORPORATION OR ACTIVITIES.
Official statutory text
The sponsor of a corporation, in its sole discretion, may alter the corporation's structure, organization, programs, or activities, consistent with the other provisions of this chapter and subject to limitations provided by law relating to the impairment of contracts entered into by the corporation.
Status: in_force · Read it on the official government site
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