Sec. 3841.201. 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 2005, 79th Leg., Ch. 437 (S.B. 1805), Sec. 1, eff. June 17, 2005.
Section: Previous 3841.106 3841.107 3841.151 3841.152 3841.153 3841.154 3841.155 3841.156 3841.157 3841.158 3841.159 3841.160 3841.161 3841.162 3841.163Last modified: September 28, 2016