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Texas Utilities Code - Section 161.252. Existence Following Dissolution

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 161.252. Existence Following Dissolution

§ 161.252. EXISTENCE FOLLOWING DISSOLUTION.  (a) A 
dissolved electric cooperative continues to exist to:
		(1)  satisfy existing liabilities or obligations;                             
		(2)  collect or liquidate its assets;  and                                    
		(3)  take any other action required to adjust and wind 
up its business and affairs.
	(b)  A dissolved electric cooperative may sue and be sued in 
its corporate name.

Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007