Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Utilities Code § 161.253: DISTRIBUTION OF NET ASSETS ON DISSOLUTION.

Where this section sits in the code

UTILITIES CODE
TITLE 4. DELIVERY OF UTILITY SERVICES
SUBTITLE A. UTILITY CORPORATIONS AND OTHER PROVIDERS
CHAPTER 161. ELECTRIC COOPERATIVE CORPORATIONS
SUBCHAPTER F. DISSOLUTION

Assets of a dissolved electric cooperative that remain after all liabilities or obligations of the cooperative have been satisfied shall be distributed pro rata to the members of the cooperative who were members when the certificate of dissolution was filed.

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:45Z. Source file · JSON

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