{"data":{"id":"us-tx/tex.-utilities-code-39.305","jurisdiction":"us-tx","citation":"Tex. Utilities Code § 39.305","heading":"NO SETOFF.","body":"The interest of an assignee or pledgee in transition property and in the revenues and collections arising from that property are not subject to setoff, counterclaim, surcharge, or defense by the electric utility or any other person or in connection with the bankruptcy of the electric utility or any other entity. A financing order shall remain in effect and unabated notwithstanding the bankruptcy of the electric utility, its successors, or assignees.\nAdded by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.","path":["UTILITIES CODE","TITLE 2. PUBLIC UTILITY REGULATORY ACT","SUBTITLE B. ELECTRIC UTILITIES","CHAPTER 39. RESTRUCTURING OF ELECTRIC UTILITY INDUSTRY","SUBCHAPTER G. SECURITIZATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/UT/htm/UT.39.htm#39.305","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:45Z","sha256":"97e7c26f994f2227c7aad9f1f4735a27ffe3b835c5d5897849630b293b164cd0","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-utilities-code-39.304","next":"us-tx/tex.-utilities-code-39.306"},"notice":"GroundRules: Original legal text. Not legal advice."}