Texas § GV.442.047 - DISPOSITION OF ORGANIZATION ASSETS ON DISSOLUTION
Full text of Texas The Texas Constitution § GV.442.047 — DISPOSITION OF ORGANIZATION ASSETS ON DISSOLUTION, with citation guidance and answers to common questions.
§ GV.442.047. DISPOSITION OF ORGANIZATION ASSETS ON DISSOLUTION
DISPOSITION OF ORGANIZATION ASSETS ON DISSOLUTION. (a) In the event of an organization's dissolution, the commission is the sole beneficiary of all items held in the organization's name that relate to the commission, except as otherwise provided by the organization's articles of incorporation or the terms of the gift or other transfer of the items to the organization. (b) An item for which the commission is not the sole beneficiary must be clearly identified and described on an agreed list prepared jointly by the commission and the organization. Added by Acts 2025, 89th Leg., R.S., Ch. 948 (H.B. 4187 ), Sec. 5, eff. September 1, 2025.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.442.047
What does The Texas Constitution § GV.442.047 cover?
Section GV.442.047 ("DISPOSITION OF ORGANIZATION ASSETS ON 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 § GV.442.047?
A common citation format is "The Texas Constitution § GV.442.047" (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 § GV.442.047 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.