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Texas Utilities Code - Section 161.253. Distribution Of Net Assets On Dissolution

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 161.253. Distribution Of Net Assets On Dissolution

§ 161.253. DISTRIBUTION OF NET ASSETS ON 
DISSOLUTION.  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.

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

Last modified: August 10, 2007