Sec. 3839.201. DISSOLUTION OF DISTRICT WITH OUTSTANDING DEBT. (a) The board may dissolve the district regardless of whether the district has debt. Section 375.264, Local Government Code, does not apply to the district.
(b) If the district has debt when it is dissolved, the district shall remain in existence solely for the purpose of discharging its debts. The dissolution is effective when all debts have been discharged.
Added by Acts 2007, 80th Leg., R.S., Ch. 1285 (H.B. 4045), Sec. 1, eff. June 15, 2007.
Section: Previous 3839.107 3839.108 3839.151 3839.152 3839.153 3839.154 3839.155 3839.156 3839.157 3839.158 3839.159 3839.160 3839.161 3839.162 3839.163Last modified: September 28, 2016