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

Tex. Utilities Code § 162.303: 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 162. TELEPHONE COOPERATIVE CORPORATIONS
SUBCHAPTER G. DISSOLUTION

Assets of a dissolved telephone cooperative that remain after all liabilities or obligations of the cooperative have been satisfied shall be distributed as follows:

(1) first, to patrons for the pro rata return of amounts standing to their credit because of their patronage; and

(2) second, to members for the pro rata repayment of membership fees.

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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