Texas Transportation Code

§ 22.159 — ALTERATION OR TERMINATION OF CORPORATION

TN § 22.159Title 3. AVIATION · Ch. 22. COUNTY AND MUNICIPAL AIRPORTS · Art. E. NONPROFIT AIRPORT FACILITY FINANCING CORPORATIONS

Statute text

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The constituent agencies that authorize the incorporation of a nonprofit airport facility financing corporation may alter the structure, organization, programs, or activities of the corporation or may terminate and dissolve the corporation, subject only to any limitations provided by state law relating to the impairment of contracts entered into by the corporation.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.