Tex. Water Code § 56.302 · Subchapter H. DISSOLUTION
TRUSTEE'S COMPENSATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The trustee is entitled to receive for his services one percent of all money received by him for the dissolved district and one percent on all money he pays out under this subchapter, but he is not entitled to receive a commission on money controlled by him when the district was dissolved or money relinquished by him at the expiration of his trusteeship.
(b) Only one compensation shall be paid to the trustee for his services as trustee and ex officio treasurer of the dissolved district.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 525, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.56.htm
- Text hash
- sha256 e10a0fbd04a69fda1856f351957fec4bc2105956163fa65c64c99981aa555649
- 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.