Texas Utilities Code - Section 54.305. Commission Participation In Bankruptcy Proceedings
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§ 54.305. COMMISSION PARTICIPATION IN BANKRUPTCY
PROCEEDINGS. (a) The commission, on written notice that a
certificated telecommunications utility has filed a petition in
bankruptcy or is the subject of an involuntary petition in
bankruptcy, may inform the appropriate court and parties of the
commission's interest in obtaining notice of proceedings.
(b) Within the time prescribed by the applicable statutes,
rules, and court orders, the commission may intervene and
participate in any bankruptcy proceedings that affect customers or
providers of telecommunications services in this state.
(c) The office may inform the appropriate court and parties
of the office's interest in obtaining notice of the proceedings.
Within the time prescribed by the applicable statutes, rules, and
court orders, the office may intervene and participate in any
bankruptcy proceeding on behalf of residential and small commercial
customers.
Added by Acts 2003, 78th Leg., ch. 76, § 4, eff. Sept. 1, 2003.
Section: 54.260 54.261 54.301 54.3015 54.302 54.303 54.304 54.305 55.001 55.002 55.003 55.004 55.005 55.006 55.007
Last modified: August 10, 2007
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