VESTING PROPERTY IN SPONSORING ENTITY.

Tex. HEALTH & SAFETY Code § 221.085.
in effect
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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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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