{"data":{"id":"us-tx/tex.-utilities-code-41.155","jurisdiction":"us-tx","citation":"Tex. Utilities Code § 41.155","heading":"NO SETOFF.","body":"The interest of an assignee or pledgee in securitized property and in the revenues and collections arising from that property are not subject to setoff, counterclaim, surcharge, recoupment, or defense by the electric cooperative or any other person or in connection with the bankruptcy of the electric cooperative or any other entity. A financing order shall remain in effect and unabated notwithstanding the bankruptcy of the electric cooperative, its successors, or assignees.\nAdded by Acts 2021, 87th Leg., R.S., Ch. 950 (S.B. 1580), Sec. 1, eff. June 18, 2021.","path":["UTILITIES CODE","TITLE 2. PUBLIC UTILITY REGULATORY ACT","SUBTITLE B. ELECTRIC UTILITIES","CHAPTER 41. ELECTRIC COOPERATIVES AND COMPETITION","SUBCHAPTER D. MARKET PARTICIPATION AND SECURITIZATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/UT/htm/UT.41.htm#41.155","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:45Z","sha256":"338ca54341fc50357490a682dfa8bc1fe8d5488cf50f4c0d00eb0fdf8ab1eb73","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-utilities-code-41.154","next":"us-tx/tex.-utilities-code-41.156"},"notice":"GroundRules: Original legal text. Not legal advice."}