Texas § HS.221.086 - RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION
Full text of Texas The Texas Constitution § HS.221.086 — RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION, with citation guidance and answers to common questions.
§ HS.221.086. RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION
RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION. The dissolution of a development corporation by issuance of a certificate of dissolution or expiration of its duration does not impair a remedy available to or against the corporation or a director or officer of the corporation for a right or claim existing or a liability incurred before the dissolution, if action or other proceeding on the remedy is begun within three years after the date of the dissolution. The action may be prosecuted or defended by the corporation in its corporate name. The directors and officers may take corporate or other action as appropriate to protect the remedy, right, or claim. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. SUBCHAPTER E. ADMINISTRATION BY SECRETARY OF STATE
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § HS.221.086
What does The Texas Constitution § HS.221.086 cover?
Section HS.221.086 ("RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § HS.221.086?
A common citation format is "The Texas Constitution § HS.221.086" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § HS.221.086 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.