Sec. 57.346. FINAL TRUSTEE REPORT. (a) After the trustees pay all valid claims established against the district and satisfy the cost and expenses of controlling and managing the district, they shall file a report of the final settlement with the commissioners court.
(b) The trustees shall include in the report:
(1) a full and complete account of all money received and paid during their trusteeship;
(2) an account of the disposition of all property which came under their control as trustees; and
(3) an account of all other matters relating to the management of the affairs of the district.
(c) On the approval of the report, the commissioners court shall direct the trustees to turn over any property or money remaining in their control to the person designated by the commissioners court to receive the money or property.
(d) When the trustees have complied with the direction of the commissioners court, they shall report their compliance to the commissioners court. After the trustees have reported their compliance, the commissioners court shall discharge the trustees and their sureties and close the trust estate.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Section: Previous 57.330 57.331 57.332 57.333 57.334 57.335 57.336 57.337 57.338 57.339 57.340 57.341 57.342 57.343 57.344Last modified: September 28, 2016