Tex. Transportation Code § 431.182
This is the official text of Tex. Transportation Code § 431.182, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 431.182. DISSOLUTION BY BOARD ON COMPLETION OF PURPOSE.
Official statutory text
The board, with the approval by written resolution of the commission, shall dissolve the corporation as provided by this subchapter if the board by resolution determines that:
(1) the purposes for which the corporation was formed have been substantially fulfilled; and
(2) all obligations of the corporation have been fully paid.
(1) the purposes for which the corporation was formed have been substantially fulfilled; and
(2) all obligations of the corporation have been fully paid.
Status: in_force · Read it on the official government site
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