Tex. Ins. Code § 845.058 · Subchapter B. SYSTEM
SALE OR DISSOLUTION OF SYSTEM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The participating hospital providers may authorize, by a two-thirds vote, the sale of the system or substantially all of the assets of the system.
(b) Except as otherwise provided by law, on the sale or dissolution of the system or the sale of substantially all of the assets of the system, the net revenue shall be distributed equally to the participating hospital providers after payment of any outstanding liabilities incurred by the system.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.845.htm
- Text hash
- sha256 fef9b62db915c52cebb23aa2e866a1f05facdc034e2d233a2b0654204515980f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 845.058. Each shows the citation as that text prints it.
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