Tex. Util. Code § 161.253 · Subchapter F. DISSOLUTION
DISTRIBUTION OF NET ASSETS ON DISSOLUTION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.161.htm
- Text hash
- sha256 4b187d902be524cbaedf1a4eef73e101c57bc5b8fbcbbc94a24497851cc421bc
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.