Texas § LG.501.401 - ALTERATION OR TERMINATION BY AUTHORIZING UNIT
Full text of Texas The Texas Constitution § LG.501.401 — ALTERATION OR TERMINATION BY AUTHORIZING UNIT, with citation guidance and answers to common questions.
§ LG.501.401. ALTERATION OR TERMINATION BY AUTHORIZING UNIT
ALTERATION OR TERMINATION BY AUTHORIZING UNIT. (a) At any time a corporation's authorizing unit, in its sole discretion, may in accordance with this subtitle: (1) alter the corporation's structure, organization, programs, or activities; or (2) terminate the existence of the corporation. (b) The authority of an authorizing unit under this section is limited only by the law of this state on the impairment of contracts entered into by the corporation. (c) An authorizing unit may make an alteration or may terminate the corporation's existence only by a written resolution of the authorizing unit's governing body. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.
Frequently Asked Questions About Texas § LG.501.401
What does The Texas Constitution § LG.501.401 cover?
Section LG.501.401 ("ALTERATION OR TERMINATION BY AUTHORIZING UNIT") 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 § LG.501.401?
A common citation format is "The Texas Constitution § LG.501.401" (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 § LG.501.401 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.