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DENISON, TX -- An official with the Texoma Quarter Horse Association tells us they've decided to disband the organization.
According to officials the move was made due to lack of membership and community support.
They say they'll also sell the old rodeo arena off Texoma Parkway.
The organization is currently taking bids on the property and say they have a prospective buyer.
Officials say they want the arena to still be used for rodeos and other activities.
The money made from the sale will be donated to charity.